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Tax Reporting (Direct Tax)
Discussion List
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CbCR Direct Input in USD Reporting?Summary: Within CbCR, can you load values to Table 1 TRCS_CbCR Adjustment —> FCCS Data Input line in USD Reporting Currency without having it change when translating? Co… -
what is the purpose of Identifier dimension in TRCS?what is the purpose of Identifier dimension in TRCS? how is it related to Out-of-the box TRCS calculation and in forms? Please like/Upvote if possible -
Pillar Two Out Of Scope EntitySummary: What are the correct steps recommended by Oracle to determine if an entity is out of scope and steps required. Content (please ensure you mask any confidential … -
Why TRCS Sample application does not have Pillar2 package data and its setup?I need sample data in Pillar2 package and in Safe Harbor Overview. I have created sample application but missing these details. Is there anything to get the data in Pill… -
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 …
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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…
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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…
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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.