--- id: video/N_J1HB_fUCM type: video title: "What's new in Finance: Overview (2026 release wave 2)" summary: "Overview of Finance changes in Business Central 2026 release wave 2: multiple excise taxes per item, bonded locations, ad valorem and hybrid excise calculation (coming in November), self-billing number series per vendor and PEPPOL, cross environment master data management, employee withholding tax, and localization updates. 'Very fact two' enablement in Spain and invoicing for France are stated as GA. Germany EU BP audit file export and SFT for Austria and Iceland are planned for November or December." tier: official language: en tags: - excise taxes - self-billing - withholding taxes - cross environment master data - peppol - bonded locations - ad valorem - localization - e-invoicing system: finance review: state: reviewed by: opus at: "2026-10-07T22:43:53.469Z" flags: [] generated: at: "2026-10-09T00:29:02.995Z" pipeline: 0.2.0 prompts: extract-video: 1 summarize-video: 2 input_hash: 5ea839ed490ed004f79bea476002431775809da5ac136f54e8204245691fe869 evidence: - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=150s title: "Bonded location support for excise taxes: announced" date: "2026-10-01T13:03:34.000Z" commit: null t: 150 quote: Uh again, it will it will be delivered in November, but this is completely new functionality. - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=258s title: "Ad valorem excise tax calculation: announced" date: "2026-10-01T13:03:34.000Z" commit: null t: 258 quote: So, this is what is coming in November. What else we have? - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=258s title: "Hybrid excise tax calculation model: announced" date: "2026-10-01T13:03:34.000Z" commit: null t: 258 quote: So, this is what is coming in November. What else we have? - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=497s title: "Invoicing for France GA: generally available" date: "2026-10-01T13:03:34.000Z" commit: null t: 497 quote: we introduce invoicing for France. It will be in GA as well - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=540s title: "SFT enablement for Austria and Iceland: announced" date: "2026-10-01T13:03:34.000Z" commit: null t: 540 quote: we will enable SFT in Austria and Iceland starting from December. It will be standard functionality - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=54s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 54 quote: in previous version on the left side you could add only one excise per item. And it was a problem. - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=92s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 92 quote: if you already started to use excise taxes in the previous wave, system will automatically upgrade existing configuration to this new table and new - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=201s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 201 quote: it is calculated per uh amount. So you need to calculate uh percent of amount to get uh excise. - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=276s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 276 quote: now you have an option, if you have multiple vendors for self-billing, you can select specific number series for each of them - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=361s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 361 quote: Especially when you have an example multiple localizations, so you must have multiple environment if you have multiple localizations. So, now you can enable - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=417s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 417 quote: when you select employees as a business posting group, then you will have different calculations. You can choose gross or net calculation - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=475s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 475 quote: Very fact two enablement in Spain is now in GA. So, you can use very fact two. - kind: video url: https://www.youtube.com/watch?v=N_J1HB_fUCM&t=523s title: "What's new in Finance: Overview (2026 release wave 2)" date: "2026-10-01T13:03:34.000Z" commit: null t: 523 quote: in November, December, we will deliver two more features. One is really important for Germany. This is about EU BP. links: learn: [] objects: [] features: - feature/573306 - feature/573307 - feature/573308 topics: [] localizations: [] videos: [] posts: [] guidelines: [] video_id: N_J1HB_fUCM channel: yt-microsoft source_name: Microsoft Dynamics 365 Business Central (YouTube) url: https://www.youtube.com/watch?v=N_J1HB_fUCM published_at: "2026-10-01T13:03:34.000Z" duration_s: 571 captions: full audience: - functional consultant - administrator - decision maker - partner chapters: - t: 0 title: Introduction and overview - t: 43 title: Excise taxes improvements - multiple per item - t: 104 title: Excise taxes - bonded locations and transfer entries - t: 166 title: Excise taxes - ad valorem and hybrid calculation models - t: 258 title: Self-billing improvements and PEPPOL format - t: 315 title: Cross environment master data management - t: 375 title: Withholding taxes for employees - t: 449 title: Localization updates features: - name: Multiple excise taxes per item status: preview t: 54 verified: false status_source: roadmap roadmap_ids: - "573306" - name: Bonded location support for excise taxes status: announced t: 104 verified: true status_source: video - name: Transfer entry type for excise permissions status: unclear t: 166 verified: false status_source: video - name: Ad valorem excise tax calculation status: announced t: 189 verified: true status_source: video - name: Hybrid excise tax calculation model status: announced t: 229 verified: true status_source: video - name: Self-billing vendor-specific number series status: preview t: 258 verified: false status_source: roadmap roadmap_ids: - "573307" - name: Self-billing PEPPOL format support status: unclear t: 292 verified: false status_source: video - name: Cross environment master data management status: unclear t: 315 verified: false status_source: video - name: Withholding tax for employees status: preview t: 375 verified: false status_source: roadmap roadmap_ids: - "573308" - name: Invoicing for France GA status: ga t: 497 verified: true status_source: video - name: Payment terms expansion for Australia and Great Britain status: unclear t: 497 verified: false status_source: video - name: Intrastat reporting for Germany status: unclear t: 511 verified: false status_source: video - name: Fully structured address for QR invoicing in Switzerland status: unclear t: 511 verified: false status_source: video - name: EU BP audit file export for Germany status: unclear t: 523 verified: false status_source: video - name: SFT enablement for Austria and Iceland status: announced t: 540 verified: true status_source: video objects_mentioned: [] quotes: - t: 54 text: in previous version on the left side you could add only one excise per item. And it was a problem. check: exact - t: 92 text: if you already started to use excise taxes in the previous wave, system will automatically upgrade existing configuration to this new table and new check: exact - t: 201 text: it is calculated per uh amount. So you need to calculate uh percent of amount to get uh excise. check: exact - t: 276 text: now you have an option, if you have multiple vendors for self-billing, you can select specific number series for each of them check: exact - t: 361 text: Especially when you have an example multiple localizations, so you must have multiple environment if you have multiple localizations. So, now you can enable check: exact - t: 417 text: when you select employees as a business posting group, then you will have different calculations. You can choose gross or net calculation check: exact - t: 475 text: Very fact two enablement in Spain is now in GA. So, you can use very fact two. check: exact - t: 523 text: in November, December, we will deliver two more features. One is really important for Germany. This is about EU BP. check: exact --- # What's new in Finance: Overview (2026 release wave 2) > Overview of Finance changes in Business Central 2026 release wave 2: multiple excise taxes per item, bonded locations, ad valorem and hybrid excise calculation (coming in November), self-billing number series per vendor and PEPPOL, cross environment master data management, employee withholding tax, and localization updates. 'Very fact two' enablement in Spain and invoicing for France are stated as GA. Germany EU BP audit file export and SFT for Austria and Iceland are planned for November or December. [Watch on YouTube](https://www.youtube.com/watch?v=N_J1HB_fUCM) · Microsoft Dynamics 365 Business Central (YouTube) · 2026-10-01 · 9:31 · tier official · reviewed (checked by Opus) ## Overview This 10-minute overview covers Finance and localization changes in the 2026 release wave 2. Most of the time goes to excise taxes: several excise taxes can now be set on one item, and further features for bonded locations, a transfer entry type, ad valorem and hybrid calculation are coming in the November minor update. The video also covers self-billing (vendor-specific number series and PEPPOL format in the e-documents framework), cross environment master data management, withholding tax for employees, and a list of localization updates for Spain, France, Australia, Great Britain, Germany, Switzerland, Austria and Iceland. The presenter says it is not a complete list of Finance changes, and that deep-dive sessions exist for some topics. ## Key points - Multiple excise taxes per item: a new excise taxes page opens from the item card's Related menu. Earlier versions allowed only one excise per item. - Existing excise tax configuration from the previous wave is upgraded automatically to the new table and page. - Coming in November: bonded locations (excise is calculated on release from the location, not on inbound receipt), a Transfer entry type in excise permissions, ad valorem calculation (percent of taxable amount) and a hybrid model combining specific and ad valorem parts. - Self-billing: a number series can be selected per vendor, with fallback to the purchases and payables setup if none is selected. Self-billing gets PEPPOL format and becomes part of the e-documents framework. - Withholding tax for employees: choose employees as business posting group to get gross or net calculation, with thresholds per period and category. It can be used in the expense agent or the general journal. - Cross environment master data management uses the same user experience as single-environment master data management, plus additional setup. It is useful for companies with several localizations, each in its own environment. - Localization: 'very fact two' enablement in Spain (documented on Learn and also available on AppSource) and invoicing for France are GA. Payment terms rules are expanded for Australia and Great Britain. Germany gets new Intrastat reporting and Switzerland gets fully structured addresses for QR invoicing. Germany's EU BP audit file export comes in November or December, and SFT is enabled for Austria and Iceland in December. ## Chapters - [0:00](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=0s) Introduction and overview - [0:43](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=43s) Excise taxes improvements - multiple per item - [1:44](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=104s) Excise taxes - bonded locations and transfer entries - [2:46](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=166s) Excise taxes - ad valorem and hybrid calculation models - [4:18](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=258s) Self-billing improvements and PEPPOL format - [5:15](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=315s) Cross environment master data management - [6:15](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=375s) Withholding taxes for employees - [7:29](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=449s) Localization updates ## Features | Feature | Status | At | Evidence | |---|---|---|---| | Multiple excise taxes per item | preview (roadmap [Calculate multiple excise duties per item](../features/573306.md)) | [0:54](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=54s) | | | Bonded location support for excise taxes | announced | [1:44](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=104s) | "Uh again, it will it will be delivered in November, but this is completely new functionality." ([2:30](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=150s)) | | Transfer entry type for excise permissions | status not stated | [2:46](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=166s) | | | Ad valorem excise tax calculation | announced | [3:09](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=189s) | "So, this is what is coming in November. What else we have?" ([4:18](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=258s)) | | Hybrid excise tax calculation model | announced | [3:49](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=229s) | "So, this is what is coming in November. What else we have?" ([4:18](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=258s)) | | Self-billing vendor-specific number series | preview (roadmap [Vendor specific number series for Self-billing Invoices](../features/573307.md)) | [4:18](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=258s) | | | Self-billing PEPPOL format support | status not stated | [4:52](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=292s) | | | Cross environment master data management | status not stated | [5:15](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=315s) | | | Withholding tax for employees | preview (roadmap [Use withholding taxes (WHT) with employee transactions](../features/573308.md)) | [6:15](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=375s) | | | Invoicing for France GA | generally available | [8:17](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=497s) | "we introduce invoicing for France. It will be in GA as well" ([8:17](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=497s)) | | Payment terms expansion for Australia and Great Britain | status not stated | [8:17](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=497s) | | | Intrastat reporting for Germany | status not stated | [8:31](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=511s) | | | Fully structured address for QR invoicing in Switzerland | status not stated | [8:31](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=511s) | | | EU BP audit file export for Germany | status not stated | [8:43](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=523s) | | | SFT enablement for Austria and Iceland | announced | [9:00](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=540s) | "we will enable SFT in Austria and Iceland starting from December. It will be standard functionality" ([9:00](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=540s)) | A status with a roadmap link comes from the Microsoft 365 roadmap feature this part of the video covers (matched by Haiku; links Opus dropped are not used); other statuses need a status word in the video itself. ## Quotes - [0:54](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=54s) "in previous version on the left side you could add only one excise per item. And it was a problem." - [1:32](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=92s) "if you already started to use excise taxes in the previous wave, system will automatically upgrade existing configuration to this new table and new" - [3:21](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=201s) "it is calculated per uh amount. So you need to calculate uh percent of amount to get uh excise." - [4:36](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=276s) "now you have an option, if you have multiple vendors for self-billing, you can select specific number series for each of them" - [6:01](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=361s) "Especially when you have an example multiple localizations, so you must have multiple environment if you have multiple localizations. So, now you can enable" - [6:57](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=417s) "when you select employees as a business posting group, then you will have different calculations. You can choose gross or net calculation" - [7:55](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=475s) "Very fact two enablement in Spain is now in GA. So, you can use very fact two." - [8:43](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=523s) "in November, December, we will deliver two more features. One is really important for Germany. This is about EU BP." ## Disclaimers in the video - [1:44](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=104s) coming-later: This is something what is coming in November minor, two new features. - [5:15](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=315s) preview: only an overview, cross environment master data management, I will not go deep. As I said, we have deep dive session about that - [7:55](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=475s) preview: Because it will be mandatory from the beginning of next year. - [9:00](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=540s) coming-later: in November, December, we will deliver two more features - [9:11](https://www.youtube.com/watch?v=N_J1HB_fUCM&t=551s) subject-to-change: this is maybe not everything what we deliver in finance Presenters (as heard): Unknown presenter.