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Tax Reporting (Direct Tax)
Discussion List
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Bulk Addition/Deletion of TA Rules in TRCSHello All, Please advise if there is any way to add or delete Tax Automation rules in bulk as currently adding or deleting a rule can be done one by one only. If no, is … -
TRCS - Is there some functionality to toggle on a disregarded entityIs there some functionality to toggle on a disregarded entity that is an opaque entity from a foreign legal and financial reporting standpoint, since DRE’s are a common … -
Import Extract Package content to correct dimension in TRCSSummary: Hi All, Current situation: via EDMCS we transfer enhanced metadata (via subscription/ converters) to TRCS. We do this for 2 dimensions for which we created a se…
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Interim Reporting - AETR at the jurisdictional parent levelFor interim reporting purposes, is there a way to apply a jurisdictional AETR at the jurisdictional level (achieved through an alternate entity hierarchy) in actuals? Th…
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Tax Automation Global SaveSummary: Hi, Just want to ask, inside the link below, it was stated that if Power Users were assigned a Launch permission in the Tax Automation Global Save, it will allo…
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Guidance on usage of MultiGAAP dimension for custom member additionSummary: We want to enable custom dimension & use CBCR also. As this is not possible to enable together - we want to use the MultiGAAP dimension to create custom members…
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Facing error while consolidating at parent levelSummary: Hi, I am facing an error while consolidating at all parent level. Content (please ensure you mask any confidential information): The consolidation is not happen…
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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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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… -
Pillar Two phase threeSummary: Pillar Two Phase Three & Four Development Content (please ensure you mask any confidential information): We are starting with the TRCS implementation soon for o…
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CbCR Translation Workflow IssueSummary: Table 1 giving different result in translated USD reporting compared to Book Data translated USD Reporting Content (please ensure you mask any confidential info…
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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 …
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Restrict Power User on Saving Tax Automation FormSummary: Aside from controling access on the data source dimension where the Global Automation rules parent was maintained, is there any way to restrict the Power Users …
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Pillar Two Covered Tax Automation ProblemSummary: I am having problems with the Pillar Two Covered Tax Global Automation rule which is not coping the data from the Source Accounts to the Pillar Two Target accou…
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Pillar II Automation - Regional taxesSummary: Is there any guidance/functionality to address regional/state tax in TRCS for Pillar II purposes? At the moment it appears it is the national position that is p…
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Why is Pillar two Currency set up in the system? - Translation To EUR ReportingSummary: Why is Pillar two Currency set up in the system? Definition of Pillar Two Currency? Entity can be different currency but for Pillar Two reporting it can be a di… -
TRCS to FCCS Automatic Tax journal integration using Enterprise journalsSummary: Hi Team, Kindly help us with the approximate release month for the functionality of TRCS to FCCS Automatic Tax journal integration using Enterprise journals. Th…
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March 2024 Update - Skip Update InquirySummary: We have a scheduled cloning of TEST environment on March 7, will the update still run if we execute skip update until after we are done with the cloning? please…
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After Classic to OCI Migration - How and Where to Update TRCS (Universal) Application URLSummary: After migrating from Classic environment into OCI environment, TRCS (Tax Reporting) being an universal application, how and where to update the new TRCS-OCI lin…
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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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Does Tax reporting support only Direct Tax and not Indirect TaxSummary: Does Tax reporting support only Direct Tax and not Indirect Tax. In Saudi we have taxes like Income Tax, ZAKAT, Severance fees, Withhold Tax, Deferred Tax and V…
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New "How Do I..." Help Center Page for Tax ReportingSummary: We are pleased to announce a new “How Do I …“ Help Center library page for Tax Reporting. The new page lists easy, common, and necessary tasks for setting up EP… -
Pillar Two Currency ConversionSummary: I have a question regarding the currency conversion in Pillar Two. I have run the rule 'Translate From Pillar Two Currency To Reporting Currency' however when I…
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TRCS - Import Oracle ERP applicationsSummary: We want to create a connection between TRCS and Oracle ERP Cloud. We successfuly created the connection. However, when doing the import of the applications, som…
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In Tax Reporting can we create or manage tax ledger on fixed asset as per tax law and accounting depSummary: In Tax Reporting can we create or manage tax ledger on fixed asset as per tax law, we know depreciation is calculated on the basis of accounting depreciation an…
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Does Tax reporting helps in Double Taxation part and Transfer pricing.Summary: Does Tax reporting helps in Double Taxation part and Transfer pricing.
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In Tax Reporting can we create a form or template for issuing certificate to vendor for Withhold TaxSummary: In TRCS-(Tax Reporting Cloud Services), can we create a form or template for issuing certificates to vendors for Withhold Tax paid and its respective details. F…
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Tax Losses in Parent Currency using Periodic FX TranslationSummary: We currently have the Periodic Translation setting for Flow Accounts enabled. In regards to Tax Losses, we discovered that entering a tax loss in the Current Pr…
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IFRS CETR regional column not populatingSummary: When viewing the IFRS ETR form, the regional column is not populating. Therefore, the total tax position is simply the national position. I have checked IFRS co…
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Pillar Two Safe Harbor is enabled in the application but how does it impact top tax calculation?Safe harbor is enabled in the application but it seems not impacting any top tax calculation. Ideally if Safe harbor is applicable on the jurisdiction then top up tax sh…