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Tax Reporting (Direct Tax)
Discussion List
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De-Support of Cloud EPM Forms 1.0 and Dashboard 1.0Summary: As announced in the IMPORTANT Actions and Considerations section of the Oracle Fusion Cloud Enterprise Performance Management Feb 2025 What's New, please ensure…
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List of Past Tax Reporting Webcasts and links to Replay and DeckSummary List of Past Tax Reporting Webcasts and links to Replay and Deck Content List of Webcasts and Links: EPM- Tax Reporting Update Jan 2025 - Pillar Two - QDMTT Conf…
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Global vs Domicile Tax AutomationSummary: Global vs Domicile Tax Automation Setup Content (please ensure you mask any confidential information): I know that the suggested practice is to create Global Au…
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TRCS - NO DATA VISIBLE PILLAR TWO SAFE HARBOURS BY PILLAR TWO JURISDICTIONSummary: We are unable to use the TRCS_TotalPillarTwoJurisdictions for Safe Harbour Calculations. We have correctly mapped both the accounts and the Pillar Two Jurisdict…
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Regional Tax Deduction in National Current ProvisionSummary: The deduction in the Current Provision - National form is based on the Regional Current Provision total row at the bottom of the Current Provision - Regional fo…
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Exporting TRCS setup data to create connection to EDMSummary: We have been on TRCS for a few years and we have never had the time to connect EDM's master data to TRCS. I wanted to know if there is a way to export/extract t…
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Task Manager Schedule section grammatical error in 'Year' after Enabling Application Dimension AliasSummary: I followed the steps mention in Enabling Application Dimension Alias at our TRCS Dev environment and now changes are reflecting at SDM as well as Task Manager, …
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In Oracle fusion can we generate SAF-T data extract in CSV instead of standard XML output?Currently in oracle fusion when we run "Generate SAF-T Data Extract" in schedule process, the standard and default output is in XML format. Can we change the output to C…
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do we have any documentation for elections/ entity classifications feature in TRCSHi, Could someone help me with the below, I'm looking for documentation with illustrative examples of how entity classifications impact calculations in TRCS (similar to …
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TRCS CbCR - Entity Structure - Sale of EntitiesSummary: If any entities from Entity CoA in TRCS has been sold off, then how that needs to be handled in TRCS for CbCR specifically. Content (please ensure you mask any …
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Our client is asking for calculating the apportionment rates within the TRCS application?Summary: Our client is asking for calculating the apportionment rates within the TRCS application for State level apportionment, they have operations in multiple states …
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Copying across different scenarios and years in TRCSHi all, We have a data copy problem and we were wondering what the best solution would be: Context: Due to reporting requirements, we are trying to copy all data from th…
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Consolidation/Aggregation issue by jurisdictionHi Experts, I'm facing aggregation or consolidation issue by jurisdiction at Total Geography level in TRCS. Initially I faced aggregation issue for SG at Total Geography…
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Pillar two currency attribute synchronization ErrorHi, In Pillar Two GloBE income OOTB form, I'm unable to see Pillar Two jurisdiction and Pillar two Currency in the POV list as shown below Here's my Pillar two jurisdict…
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Options for Overriding Amounts in the Currency Translation for Tax Reporting Pillar 2Summary: We are using the Oracle EPM Cloud Tax Reporting solution with the Pillar 2 module and face challenges in ensuring consistent currency conversion between the con…
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Is it possible to pull USD balance directly for TAR Book Balance Automation?Right now we have set up TAR book balance automation, but for foreign entity it pulls local currency book balances then translated using FX rates to USD balance. Is it p…
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How to set Progressive Tax Rate in TRCS?Summary: For a client we want to calculate Taxes based on the defined tax rate brackets with corresponding limits in entity currency. Example- 0 % for taxable income up …
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Pillar II Jurisdiction Creation and Assignment for Multi-Currency JurisdictionsSummary: What is the correct process for setting up and assigning Pillar II Jurisdictions when the Domicile has entities in multiple currencies? Content (please ensure y…
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Moved: TRCSThis discussion has been moved.
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Can tax automation rules for an Entity be copied to another Entity, Year and Period using Smartview?Summary: I need to copy the tax automation rules from one entity to several others. Can this be done by opening the Tax Automation Rules- Entity form then taking it to S…
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What is the procedure to Set up NCI and how TRCS_NIBT aggregates to POwn?While consolidating the entities, I found that the subsidiary entities TRCS_NIBT Adjusted account is aggregated to parent at Percentage Consolidation (PCON) instead of P…
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TRCS POV members selected on the form are not updating while running consolidationSummary: The members selected on the form are not updating while running consolidation. Users has again select the members to run consolidation Content (please ensure yo…
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TRCS Entity to Reporting Currency Translation Methodology best PracticeSummary: Looking for input on suggested best practice for frequency and methodology of Entity Currency to Reporting Currency translation Content (please ensure you mask …
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Tax Reporting (TRCS) - Data Is not Flowing on Pillar Two FormsSummary: Issue: Data is not flowing on Pillar Two Forms. Consolidations and Translation Ran to success. Do we have to consolidate Global Assumptions? Do we have to prefi…
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can we push back journal amt for current and deferred tax provisions created through TAR AutomationSummary: can we push back journal amounts for current and deferred tax provisions created through TAR Automation back to Oracle Fusion ERP as a Journal or as Data via Da…
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Status Locked and Impacted for Group entitySummary: In our tax reporting, the group company cannot be calculated for the current year because the previous year has the following status: Impacted & Locked. Is it p…
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How to best use P14Summary Best Practices for using P14Content I am new to TRCS and have not used P14 yet. What is best practice for using this. A few items to covers: 1)What is the best w…
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Generating Journal or related data from TRCS using SmartviewSummary Can we generate any data from smartview related to Journal entryContent Hi everyone, I am aware of it that we cannot record journal entry in TRCS but if we want …
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Power Users unable to update NOL ruleSummary:Power Users unable to update NOL rule, When the same NOL changes are done by Admin we can see the calulcations changed after running consoldate and translate. Co…
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Disabling Accounts/Entities in TRCSHello Is there a way to disable an account or an entity in TRCS if the same is disabled in Oracle Fusion? Currently, I do not see such an option in TRCS but just wanted …
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Can we enter adjustments directly at Parent currency or Reporting Currency through any way in TRCS?we have a requirement where client wants to directly enter adjustments for Interim provisioning at reporting currency or at parent currency instead of entity currency fo…
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No TAR Automation defined for TRCS_TLCOwnCY but data is reflecting under TAR FormSummary: A small $ amount is reflecting under a Parent Entity in the TAR Form for an Income Tax Payable Account for TRCS_TLCOwnCY (Ownership - Current Year) Movement and…