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Tax Reporting (Direct Tax)
Discussion List
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Pillar Two Tax AutomationSummary: How do you manage tax automation for Pillar 2? Content (required): What actions have to be done to get Pillar 2 accounts in the different (GloBE, Covered Tax) s… -
NOL automation to offset loss between entities in same groupSummary: Content (required): Hi, We have the following two queries with respect to NOL automations. Example Entity Hierarchy – E0 (Parent) E1 (Child) E2 (Child) E3 (Chil…
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Master & Local FilingSummary: Is Narrative Reporting Required for Master / Local Filing Content (required): We are just now working through implementing CbCR. My understanding is that the XM…
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Ownership management for CbCR cubeWe have a scenario where entity needs to move from one parent to another for CbCR hierarchy. Since Ownership is not working on CbCR hierarchy, therefore the only option …
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Right Click Menu not surfacing on Tax Automation Rules Screen in PRODSummary: I just tried to add a new temporary difference line item account to one of our rules and the right click menu will not surface in Prod. It works fine in Test. S…
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How to enable Custom dimension in TRCSSummary: How to enable Custom dimension in TRCS Content (required): Hi, We are enabling a custom dimension in TRCS using the below TRCS documentation. We have tried belo…
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Manage Tax on Advance Receipt Feature for KSASummary: Content (required): Tax on Advance Payment should be calculated as per KSA Tax Authority instruction. Can we implement below Doc ID in KSA or it's only limited/…
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Single Entity in Two JurisdictionsSummary: Hi, We have a below requirement in TRCS. Has anyone face a similar use case in the past, please suggest. Entity1 is part of TaxGroup1. Entity1 has Country1 juri…
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Migration to Hybrid environment to enable additional dimensionsSummary: Client has sought feasibility to migrate their old legacy to new Hybrid environment to enable additional dimensions. Content (required): Client started using en… -
TRCS_Originination Years - How to show actual year vs CurrentYear - (1,2,3,4,etc)Summary: In the reports section of the application we would like to show the actual year in comparison to the origination account instead in the report it is populating …
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Can we perform Consolidation (ICP, NCI, reclassifications,etc.) in Tax ReportingSummary: Ability to perform complicated consolidations for the subgroupings done in TRCS. Content (required): There are more than 200 Legal entities and the TB level dat… -
Interim ProvisionSummary: Compute a separate state AETR to book Regional expense and payable separate from National. Content (required): Currently we forecast provisions for Interim usin…
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Enhanced Annualized Estimated Effective Tax Rate - July UpdateSummary: Would like to gain clarity on the TRCS July Update "Automate the AEETR from any Scenario in any target Scenario by selecting:" Content (required): Is there an o…
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Functionality to prevent the user from running DM data export rule only after the task man. approvalSummary: Preventing DLR run based on workflow. Content (required): Current Process for creating export file from TAR from: Step 1: We are enabling the approval workflow …
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Oracle Tax Cloud - Bringing Tax & Finance TogetherSummary Oracle Tax Reporting Cloud can help you to meet increasingly complicated global tax reporting requirementsContent Globalization equals tax authorities fighting f…
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Requiring Customization on Pre existing User Security RolesSummary: Requiring Customization on Pre existing User Security Roles like "Viewer", "user" etc. Content (required): Hi, We would like understand if customizing the below…
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What's New in Oracle Cloud EPM Release 23.08Summary: Learn about what's new in Oracle Cloud EPM Release 23.08. Content (required): Please refer to the August 2023 What’s New guide to understand the new features in… -
Wanted to know is there any way we could automate the Unabsorbed Depreciation calculation in TRCS?Hi, there is a specific requirement for computation of Unabsorbed Depreciation and carry forward of the same in TRCS implementation, is there any workaround available fo… -
If someone wants an Automated set-off for UK Fiscal Loss Relief in TRCS, How this can be achieved?Summary:Fiscal Tax Losses - UK Content (required): We are working for a client, wherein they want to understand if there is a possibility to automate sharing of losses a…
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I have created 2 tax loss accounts, 1 is a normal tax loss account and 1 is unabsorbed depreciation?i have created 2 tax loss accounts under Total National Tax Losses-Carryforward Automated as below: Now, the issue is that we need bifurcation of a tax loss of say -1200…
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Are there plans for a Tax Reporting Implementation Professional Certification?Summary: Are there plans for a Tax Reporting Implementation Professional Certification? Content (required): Are there plans for a Tax Reporting Implementation Profession…
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Audit log information Configuration optionSummary: Audit log information in TRCS can be disabled/enabled for all or some trackable items. If disabled system does not log the changes. Is there a way to obtain the…
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Can TRCS calculate tax by slabs ?Summary: We are implementing Tax for one client and they have requirement to calculate direct tax by slabs. Does TRCS have the functionality to calculate tax by slabs? C…
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Can we automise the set off of tax losses upto 75% of taxable income ?Summary: Tax losses allowed to be carried forward indefinitely however they can be set off only to the extent of 75% of taxable income of a positive taxable income year.…
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How to automate tax provision in TRCS ?Summary: we have uploaded Trial balance data and defined automation rules. Forms for provision and trial balance have correct dimensions. Tax rates are defined. Even aft…
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GL Integration with Oracle Tax ReportingSummary: Can Oracle GL Integration be done with Oracle TRCS using Data Management. Also, can the GL data be pulled in real time or upon a refersh? Content (required): Ve…
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Has anyone tried an integration between Oracle Fixed Assets module to TRCS?Summary: Has anyone successfully done an integration (by Data Management) b/w Oracle FA to TRCS. I am trying to do it through a flat file by setting a connection as Data…
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Do Oracle has plans for BEPS Pillar 2 requirement in TRCS?Summary: With reference to - https://www.oecd.org/tax/beps/tax-challenges-arising-from-the-digitalisation-of-the-economy-global-anti-base-erosion-model-rules-pillar-two.… -
Business RulesSummary Business Rule executionContent In the EPM TRCS application, Business Rules are pre-defined for execution and no custom rules can be scripted. For instance, for B…
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How to upgrade TRCS to Hybrid Essbase prior to OCI Gen 2 migrationSummary: I have been trying to upgrade our TRCS Test application to Hybrid Essbase and it is not working. Content (required): I have followed the documentation as follow…