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Tax Reporting (Direct Tax)
Discussion List
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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… -
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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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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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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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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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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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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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…
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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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CbCR Patch download for EPRCS / Narrative Reporting XML FilingSummary: What is the current process for configuring CbCR XML filing in EPRCS/Narrative Reporting? Content (please ensure you mask any confidential information): In watc…
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Roadmap for Safe HarborSummary: Please provide the details of roadmap for safe harbor. When it is going to be released and is it going to be released in phased manner or one time. When it will…
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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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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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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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Translation Amount Override in CbCRIs there a way to achieve translation amount overrides in TRCS for the CbCR accounts in CbCR cube? We achieved this in the Consol cube for the Equity accounts by bringin… -
how can we have different tax rates for specified income accountsSummary: Hi Experts, We want to have different tax rates for some specific income for one entity. How can we configure that in TRCS application? For eg. Business income …
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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… -
Periodic data view in TRCSSummary: Client would like to view periodic data in TRCS Content (please ensure you mask any confidential information): Hi, We understand that the TRCS operates on a yea…
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EPM AUTOMATE Java Supported versionSummary: Hi Experts, i was notified that the Java 8 is approaching end of life, we are using the EPM automate on Java8 , just wondering is the EPM AUTOMATE works fine wi…
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Opening balance not getting calculated in TRCS applicationSummary: Hi Experts, I have loaded data for Balance sheet account in P12 FY20 at FCCS_Mvmts_Total member of movement dimension. I am expecting this amount to come as Ope…
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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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Copy Entity data from one period to anotherSummary: It is required to copy Consolidated data for ultimate parent company to another Standalone entity to support Tax computation at Group level. Content (please ens… -
Data is not getting aggregated to parent entity in CBCR cubeSummary: Hi Experts, We have enabled CBCR functionality in TRCS application and by automation we are copying data from Consol cube to CBCR cube. Data is getting successf…
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CBCR XML in TRCSSummary: Hi Team, we have recently enabled the CBCR in TRCS, we enable this after an year of TRCS implementation. Business is looking for the XML report generation. we d…
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Pillar Two Covered Taxes - shared deferred tax not flowing through for Fixed AssetsSummary: For the Covered Taxes calculation the total temporary differences has been shared as a member below TRCS_TemporaryDifferencesTotal in the Account hierarchy. Not…
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Navigation Flow - New Card in a Custom Cluster Not visible for all usersSummary: We have created a new card under a custom navigation flow cluster to include a new area for our users to easily access reports. We have had this Tax Provision c… -
TRCS Hybrid model impacting DM Integrations which use Dynamic Calc Members on the Account DimensionSummary: After converting TRCS to the Hybrid model we are unable to use Dynamically Calculated Members from the Account Dimension in Data Management Integrations. Prior …
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23.12 Introduces Enhanced Support for Task Manager In Smart ViewSummary: Enhanced support for Task Manager in Smart View Task Manager in Oracle Smart View for Office is enhanced for better usability, quicker access to task details, a… -
Pillar Two Status UpdateSummary: Can someone give me the current status of Pillar Two for enablement in Prod. Looks like it is available. Last time I checked a few months ago though, it was ava…
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Filtering Data from the CbCR CubeI would appreciate any help to answer the following question. Is there any option to filter on entities to prevent the data being copied from the Consol cube to the CbCR…