Category 188-2
Discussion List
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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…Harpreet Singh Arora 22 views 2 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax) -
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 …Shreya.s.Jain-Oracle 26 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax) -
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…mraghav93 38 views 1 comment 0 points Most recent by Jessica Downes-Oracle Tax Reporting (Direct Tax)
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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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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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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 …Bruce Truong-235790 121 views 10 comments 1 point Most recent by RitanshuBarik Tax Reporting (Direct Tax)
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Is there a way to exclude an entity from CbCR reporting but have it included in Tax Automation?Summary: Consolidation adjustment entities with data coming from FCCS should be in Tax Provision but not in CbCR Content (please ensure you mask any confidential informa…Bulent Yildiz 51 views 7 comments 1 point Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax) -
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… -
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… -
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 2 Covered Tax CalculationSummary: Hi, I have below 2 calculations for covered tax. Current tax is 21% and Pillar 2 tax 15%. In calculation# 1 - deferred tax at 21% is added back to current tax a…
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Pillar Two AutomationSummary: Pillar Two Automation After enabling Pillar Two feature on the Navigation Tool Do we a specific Cluster card or Tab for "Pillar Two" on the homepage page simila… -
Convert from Thomson Reuters Onesource to TRCSI am in the very early phase of discovery to potentially implement the Tax module in EPM. A couple years (more than 5 now) we implemented Onesource (Thomson Reuters). I …Brian Hargreaves 33 views 2 comments 0 points Most recent by Brian Hargreaves Tax Reporting (Direct Tax)
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NOL automation to offset loss between entities in same groupSummary: Content (required): Hi, We have the following two queries with respect to NOL automations. Example Entity Hierarchy – E0 (Parent) E1 (Child) E2 (Child) E3 (Chil…
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TRCS_Originination Years - How to show actual year vs CurrentYear - (1,2,3,4,etc)Summary: In the reports section of the application we would like to show the actual year in comparison to the origination account instead in the report it is populating …
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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…Matthew Gregory-137392 35 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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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…James Duignan 61 views 4 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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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…Laura Ferris-Oracle 21 views 0 comments 0 points Started by Laura Ferris-Oracle Tax Reporting (Direct Tax) -
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…Shreya.s.Jain-Oracle 33 views 1 comment 0 points Most recent by Bjoern Schumacher Tax Reporting (Direct Tax)
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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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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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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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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…Laura Ferris-Oracle 41 views 0 comments 0 points Started by Laura Ferris-Oracle Tax Reporting (Direct Tax)
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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…