Tax Reporting
Discussion List
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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… -
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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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. …
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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… -
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 …
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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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Direct API based integration between Microsoft Dynamics 365 and Oracle TRCSSummary: We would like to have an API based integration between Microsoft Dynamics 365 and Oracle TRCS. Which does not involve EPM Integration agent. Content (required):…
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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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TRCS Tax Automation Source Account DropdownSummary: We noticed that the TRCS Tax Automation Source Account SmartList is automatically generated based on the "Description" member property in Account metadata. For …
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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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calc sripts and groovy rulesIs there now a date when Calc Sripts and Groovy will be possible in tax reporting?
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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…
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Using DM Extract YTD data from EPBCS to load into Periods 3, 6 and 9Summary: Content (required): I have read how to pull YTD data from FCCS and was able to apply the same logic to pull YTD data from EPBCS and push the data into TRCS for …
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Is it possible to apply specific settings to the Return to Accrual for Multi-GAAP members?Summary: When working with reporting GAAP and local GAAP the default is for the Return to Accrual to be shown in the Multi-GAAP member in which it is calculated, however…
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What's New in Oracle Cloud EPM Release 23.05Summary: Learn about what's new in Oracle Cloud EPM Release 23.05. Content (required): Please refer to the May 2023 What’s New guide to understand the new features inclu…
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How to use CETR IFRS, if TRCS has more than one reporting hierarchyWe have two reporting hierarchies in TRCS. UAE Reporting - 0% currently, will be 9% from 2024. UK Reporting - 19% TRCS CETR IFRS features enable ETR calculation for grou…
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Deferred Tax and Statutory ETRSummary: Hello Ken, Inputs made to "TRCS_OtherSys" are reflected in ETR form as part of "TRCS_DefTaxOther.TRCS_DefTaxETRTotal" - Deferred Tax Expense Total The movement …
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Tax Provision computation by Entity GroupsSummary: Hi, We have 90 entities in TRCS and all entities are part of single jurisdiction. The client requirement is that they doesn't want to calculate the provision by…