Current Tax
Discussion List
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TAR automation sign reversalSummary: Our client has equity reversal as additional provision calculated -In Current provision form. This amount is to reverse in TAR form. On configuring it is not ha…Karishma Kabra 11 views 2 comments 0 points Most recent by Karishma Kabra Tax Reporting (Direct Tax) -
Additional provision calculated not taking manual adjustmentSummary: Additional provision in CP form has Additional provision calculated. Under which there RTA adjustment - On putting any amount in adjustment column - On consolid…Karishma Kabra 11 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Automation of manual adjustmentSummary: Our client has done a manual adjustment in permanent differences (STAT _ TAX) in CP form. Now they want the same amount to be coming in temporary difference (ST…
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NIBT not correctly reflecting in CP form though dimension is correctSummary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…Karishma Kabra 11 views 2 comments 0 points Most recent by Karishma Kabra Tax Reporting (Direct Tax)
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How to update the LUT number for GSTIN Number for India localizationSummary: How to update the LUT number for GSTIN Number for India localization Options Content (please ensure you mask any confidential information): users to track the L… -
If its tax losses why is ETR being computed in the ETR formSummary: We have tax losses - but profitable in the financials. Ideally since its a loss - it should not compute ETR at all- though ETR is NIBT+permanent differences and…Karishma Kabra 11 views 3 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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UDA function in essbase not working in Calc ManagerSummary: Hi team, We have got Calc Manager enabled through an SR. For the data forms, we need to fetch closing balance of current period as opening balance of next year.…Kritika Dhingra 21 views 2 comments 0 points Most recent by Siva G.-Oracle Tax Reporting (Direct Tax)
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Unable to get YTD numbers in TRCSSummary: Hi - We are loading TB periodically. In CP form when we do YTD view we are getting CP numbers for the period only. They are not adding up and we are not getting…Karishma Kabra 61 views 5 comments 0 points Most recent by Joshua Kesselman Tax Reporting (Direct Tax)
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Carry forward Set off of different nature of lossesSummary: In Indian Income tax laws, we have to compute tax basis different heads of income & all heads have their own loss calculation, deferral & utilization method. In…Kritika Dhingra 21 views 3 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Vertex Geography Update Maintenance in OracleSummary: We are loading geography in fusion using Vertex V2 Oracle GBG|LOQATE For the vertex monthly maintenance do we need to load the geographies each month after down…Muhammad Zarlash 1 view 1 comment 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global -
Reconciliation between GST portal (GSTR-2B) and System generated GST report on Oracle Fusion Tax?Summary: How to do Reconciliation between GST portal (GSTR-2B) and System generated GST report on Oracle Fusion Tax? Content (please ensure you mask any confidential inf…Yasmin94 11 views 1 comment 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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ZX Tax FBDI Template to ERP Cloud based logic / requirements.Summary: Is there logic within the ZX Tax FBDI Template to ERP Cloud based on the Event Type or other attributes to import taxable sales journals. We need to import Taxa…kkotrla 41 views 4 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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See What's New in Oracle Tax Reporting Cloud for 18.06Summary Read about the new features in the What's New document for Oracle Tax Reporting Cloud, Release 18.06.Content Among the new features for this release, a new Tax P…Susan Attar 27 views 3 comments 0 points Most recent by Denitza Krasteva-Oracle Tax Reporting (Direct Tax)
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International Taxation under Oracle EPM’s Tax Reporting Cloud ServicesSummary: Calculating tax for companies that operate from multiple countries and undergo taxing from the country it is located and the country where it is headquartered. …Suseendar R 31 views 3 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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TRCS Journals creating variance due to roundingContent TRCS journal shows a variance due to the rounding rules. Can anyone help how to resolve this variance problem. In fact the journals are balanced. It is just that…Vishnuvardhan Reddy-269056 45 views 10 comments 0 points Most recent by Denitza Krasteva-Oracle Tax Reporting (Direct Tax) -
Details needed on Account ID column in SAFT report "Generate SAF-T Data Extract"Oracle Standard report ""Generate SAF-T Data Extract" We find the column Account ID populated for certain customers and not for certain customers. (Reference screenshot …
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Valuation Alllowance Rules, NOL Limitation Rules, 2 National Tax RatesSummary: Is it possible to configure a "Valuation Allowance Rule" for entities in recurring loss situation? Is it possible to configure jurisdiction specific "NOL limita…Harpreet Singh Arora 21 views 2 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax) -
Does transfer of losses using Group relief form have an impact on the ETR computation?Summary: We have configured the Group Loss relief form and the respective dimensions in the application as per the approach provided. Based on the current approach, the …Shreya.s.Jain-Oracle 21 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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How to create elimination companySummary: How to set up elimination company in hierarchy Content (please ensure you mask any confidential information): Have an entity which is reported in both the US an…
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Power Users unable to update Tax Automation Domicile RulesSummary: Has anyone else run into this issue? As a Power User, you have access to create tax automations, however for Tax Automation - Domicile Rules, once you save the …Bruce Truong-235790 121 views 10 comments 1 point Most recent by RitanshuBarik Tax Reporting (Direct Tax)
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how can we have different tax rates for specified income accountsSummary: Hi Experts, We want to have different tax rates for some specific income for one entity. How can we configure that in TRCS application? For eg. Business income …
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Copy Entity data from one period to anotherSummary: It is required to copy Consolidated data for ultimate parent company to another Standalone entity to support Tax computation at Group level. Content (please ens… -
Intercompany eliminationsSummary How to map the Intercompany transactions in system to enable the eliminationContent In TRCS, how should we map the intercompany transactions to ensure that the t…TarunG-Oracle 67 views 7 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Pillar 2 Covered Tax CalculationSummary: Hi, I have below 2 calculations for covered tax. Current tax is 21% and Pillar 2 tax 15%. In calculation# 1 - deferred tax at 21% is added back to current tax a…
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Can an entity in a Foreign Jurisdiction Calculate Regional US TaxesSummary: We have a number of non-US entities that have US state tax obligations. Is there a way to get TRCS to calculate these state/regional taxes while still maintaini…Andrew Bowen 11 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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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…
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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…Matthew Gregory-137392 31 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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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…Susan Attar 65 views 2 comments 2 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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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…Shreya.s.Jain-Oracle 31 views 1 comment 0 points Most recent by Bjoern Schumacher Tax Reporting (Direct Tax)