Microsoft Dynamics NAV provides enhancements for Iceland in addition to the global enhancements.
New and Changed Features in the Icelandic Version of Microsoft Dynamics NAV
| New and changed features | Description | See |
|---|---|---|
VAT reporting | Since 2010, services must be included in the VAT statement. The VAT-VIES declarations have been updated to include services in the reports. | |
Fixed Assets and inflation modifications | Due to changes in the Icelandic economy, objects that supported the accounting treatment of fixed assets have been modified or removed. |