Archive for January, 2017

Dynamics 365 personalisations

January 8th, 2017

Dynamics Ax has always had powerful user personalisation features. See how this is done in Dynamics 365 Operations. Watch this video to learn six easy ways to customize Microsoft Dynamics 365 without writing any code.
You’ll learn how to:
– add a logo or color theme to your forms;
– get rid of fields you don’t use;
– change the business process bar to match the way your organization works;
– create custom dashboards;
– take advantage of customization packages (solutions) from third-parties.

P.S. to find a partner for further customisations, no need to look at another website just call us 0097143365589

Discontinuation of Dynamics Online Payment Services

January 8th, 2017

A notice was recently released on the discontinuation of Dynamics Online Payment Services.

This was not available in the U.A.E. but may be of interest to those with a global deployment.

Discontinuation verbatim:
Effective January 1, 2018, Payments Services for Microsoft Dynamics ERP (Payment Services), available with any versions of Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics RMS, Microsoft Dynamics POS 2009, and Microsoft Office Accounting, will be discontinued. Customers of the Payment Services will not be able to process credit or debit card transactions after December 31, 2017.

To mitigate the potential business impact of the Payment Services being discontinued, customers should consider payment solutions provided by Dynamics Independent Solution Providers (ISVs) by searching by searching Microsoft’s AppSource or Solution Finder, or work with their Dynamics implementation partner to determine options.

Customers who have not cancelled their subscription to the Payment Services and whose subscription is due for renewal before January 1, 2018 will receive the annual, automatically generated, 12-month subscription renewal notice for this service. Subscriptions to the Payment Services will be renewed only for the period beginning on the date specified in the renewal notice and ending on January 1, 2018. A customer’s subscription to the Payment Services may not be renewed for 12 months depending on the date it expires. The notice supersedes any subscription renewal a customer receives. If you have any questions, please email

Common Reporting Standard – CRS is effective in UAE from 1 January 2017.

January 2nd, 2017

The CRS is a global standard for the automatic exchange of financial information between jurisdictions that have agreed to adopt it. The Organization for Economic Co-operation and Development (OECD) introduced CRS as a means to combat tax evasion and to improve cross-border tax compliance.

The CRS came into effect in early adopter jurisdictions from 01 January 2016 and will take effect from 01 January 2017 in late adopter jurisdictions including the U.A.E.

Why is this important?

In countries where CRS requirements have been enacted into local law, compliance with CRS is mandatory.
The Banks must comply with the CRS requirements in accordance with country specific legislation.

Under the CRS, the Bank must collect certain information to establish the country (or countries) of tax residence of each of its clients. The Bank may further be obliged to report certain financial information regarding the financial accounts held by its clients to the tax authority where the account is maintained. This local tax authority may exchange this information with the tax authority of another country, subject to the information exchange agreements that are in place.

In readiness for meeting the CRS requirements as those come into force, your Bank may contact you to collect certain tax-related information and/or documents.

The financial information to be reported with respect to reportable accounts includes all types of
investment income (including interest, dividends, income from certain insurance contracts and
other similar types of income) but also account balances and sales proceeds from financial assets.

– The financial institutions that are required to report under the CRS do not only include banks and
custodians but also other financial institutions such as brokers, certain collective investment
vehicles and certain insurance companies.
– Reportable accounts include accounts held by individuals and entities (which includes trusts and
foundations), and the standard includes a requirement to look through passive entities to report on
the individuals that ultimately control these entities.

Offshore accounts will be disclosed to the taxman and you may lose your privacy. This year, many account holders may opt to close overseas accounts to avoid being reported to tax authorities. This amy result in the financial death of many offshore financial institutions and banks.