| Setting up a tax declarationThe process to compose a tax declaration from the tax amounts
registered for the relevant tax codes includes these steps: - For each authority to which the tax or social contribution
must be paid, define a collection office.
- For each box on the tax declaration, define a tax position.
- Link the tax codes related to the box to the tax position.
- Add the tax position to the tax declaration master.
The following procedure provides detailed instructions for each
step. For the collection offices, you must define business partners
with only the invoice-from and pay-to roles. In LN,
a collection office is defined as a business partner with only the invoice-from
and pay-to roles. To define a collection office: - In the Business Partner (tccom4100s000) session, create a business partner.
- Define the invoice-from and the pay-to roles for the business
partner.
- In the Business Partner (tccom4100s000) session, select the Collection Office check box.
Before you can select the Collection Office check box, you must define the
invoice-from and pay-to roles for the business partner. After you select this
check box, you cannot define other roles. To set up a tax declaration: Tax Position (tfgld0620m000) Define a tax position for each box on the tax declaration. Type
the name of each box in the Description field. For example, in European Union
countries, the box names can be Intracommunity Supplies and Shifted Tax on Services. Tax Position (tfgld0620m000), Relations by Tax Position
tab Link the tax codes that contribute to the amount in a box to
its tax position. If you generate the tax declaration, LN calculates the sum
of the tax amounts with these tax codes and prints the resulting amount for
each box. For each tax code, you can enter a number of selection
criteria to refine the selection of the tax amounts. For example, you can
select sales tax amounts or purchase tax amounts, and tax on advance payments
or receipts. The tax codes linked to the tax position must all have the
same value for the Amounts Entered in Financials field, which can be Gross or Net. Tax Declaration Master (tfgld1620m000) Define a tax declaration master for each combination of type
of tax declaration and collection office. For declarations of withholding tax
and social contributions, you can define separate tax declaration masters for
the various tax categories. The setup procedure differs for tax declarations that you
submit manually and that you submit automatically. For manual submission For every box on the tax declaration, click New on the
Tax Positions by Tax Declaration Master tab. The Tax Positions by Tax Declaration Master (tfgld1121m000) details session starts. Select
the tax position that corresponds with the box on the tax declaration. For automatic transfer
If you save the details, LN validates the data,
for example, all the tax codes of a tax position must be defined for the tax
country of the declaration master.
After you define a tax declaration master, you can periodically
prepare the required tax declarations as described in Processing tax declarations. If the tax declaration and payments to the collection office are
due on specific days of the month, you can define payment terms for the due dates in the Payment Terms (tcmcs0113s000) session. Link the payment terms to the collection
office in the Invoice-from Business Partner (tccom4122s000) session. | |