This feature enhances excise tax management by allowing multiple excise duty definitions to be associated with a single item and calculated during transactions.
Key capabilities include:
Assign multiple excise duty configurations to the same inventory item (i.e, item is liable for both plastic and sugar tax).
Automatically calculate all applicable excise duties during purchasing and vendor-related transactions.
Support complex tax scenarios where products are subject to more than one excise levy.
Reduce the need for manual workarounds, customizations, or separate item records to represent different tax obligations.
Improve tax accuracy and consistency across purchasing, inventory valuation, and financial reporting processes.
With this enhancement, businesses can model real-world excise tax structures more effectively while maintaining compliance with local regulatory requirements. The system aggregates and applies all configured excise duties for an item, ensuring that tax amounts are calculated consistently and transparently throughout the transaction lifecycle.
GA date: January CY2027
Preview date: October CY2026