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Tax Reporting (Direct Tax)
Discussion List
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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… -
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, … -
Identifying PO is not populated for Tax Lines in OTBI reporting ( Payables - Transactions Realtime)We are not able to Populate Identifying PO for Tax Lines in OTBI reporting ( Payables - Transactions Realtime)
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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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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… -
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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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 … -
Moved: TRCSThis discussion has been moved.
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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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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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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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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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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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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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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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Is there a way to make inputs in reporting currency for Current Provision and Temp Diff?Is there a way to make inputs in reporting currency for Current Provision and Temp Diff? Like I want to enter some sort of override or manual adjustment, but only in the…
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RTA disappearing in Deferred Tax FormMy Temp diff and NOLs have amounts under RTA in the Temporary Differences form, however, when I run the Deferred Tax form they disappeared and show up only on the Impact…
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Net Benefit of Region not calculating on Deferred TaxSummary: My Net Benefit of Region column not calculating anything on the National Deferred Tax form. How do I configure this correctly? I don't see anything related to t…
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Moved: Line item details TRCSThis discussion has been moved.
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Translation for Balance sheet accountsHi, In my application, Balance sheet accounts are getting translated at Average rates like Income Statement hierarchy instead of an ending rates. I got to know that we n… -
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 … -
CbCR Table 1 and Table 2 to use different entitiesThe system is currently configured so that each jurisdiction loads data and calculates the tax provision with consolidated entities (i.e. data for multiple entities is l…
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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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What is the best way to transfer balances between entities in TRCS without manual entry?Summary: Hi everyone, I have a situation where a customer wants to rename or reclassify their entity in the existing TRCS application. From what I understand, the standa…
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Moved: How Do I Export Line Item Details from Current Provision?This discussion has been moved.
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Drill-Through from Data Forms to Journals in TRCSSummary: This request is for to know if any feature in TRCS that allows users to drill from data forms, where tax data is displayed, directly to the related journal entr…
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Entity Total is not accurately populated in TAR formI have six US entities rolling up to a US parent. All current year and deferred activities are booked in the children entities, except for NOLs and VAs are recorded at t…