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NSC | SuiteTax: Making Tax Point Date as basis in Country Tax Reports
The Tax Point Date for a transaction is the date the transaction takes place for tax purposes. This date is crucial because it determines which tax rates, rules, and regulations apply to the transaction (SuiteAnswers ID: 84042) This date can be also be used in Tax Reports in SuiteTax.
When SuiteTax is enabled, users have the option set Country Tax Reports Preferences.
1. Go to Set Up > Tax Reporting > Country Tax Reports Preferences
2. Select the Subsidiary and Nexus
3. Go to Period Filters tab
4. Check the Use Tax Point Date box to the report that you are generating
5. Save
As per SuiteAnswers Id: 88845 "
Patrick Fresnosa | Advanced Accounting | SRP | Ask a Guru