Current Tax
Discussion List
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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 106 views 1 comment 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global -
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 51 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 34 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) -
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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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 87 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)
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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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Non-profit firm - Filing 990Summary: We were evaluating to implement TRCS platform and a question came up about the functionality to prepare Form 990 inside the application to collaborate and gener…
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Tax Reporting in Hebrew Language in Oracle EPMSummary: Content (required): Hi Team , We are looking for the TAX reports output should be in Hebrew Language, both labels and data inside the reports should be Hebrew L…
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Can you change tax automation prior year rule default period from P12 to P13 RTA?Summary: Would like to utilize P13 as prior year for tax automation rule instead of P12. For example, Q1 and Q2 provision will leverage prior year P12 for a tax adjustme…