Tax Declaration Master (tfgld1620m000)

Use this session to define a tax declaration master for every tax declaration that you must make. The tax declaration master contains the static data such as the tax country, the collection office, and the tax declaration type.

The tax declaration masters are not identified by a code, but the tax declaration masters must be unique for the combination of:

  • Tax declaration type
  • Tax category, if present.
  • Tax collection office
  • Tax country

The tax declaration types can be:

  • VAT which includes sales tax
  • Withholding Income Tax
  • Social Contribution

You can create a tax declaration master for each combination of tax declaration type and tax category. If you leave the Tax Category field empty, the tax declaration master is used for all the tax categories for which you do not define a specific tax declaration master.

The Tax Positions by Tax Declaration Master tab represents the Tax Positions by Tax Declaration Master (tfgld1121m000) session, which you can use to define the boxes on the tax declaration.

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.

Field Information

General
General
Tax Declaration Type

The type of tax declaration, which can be VAT, Withholding Income Tax, or Social Contribution.

To create a tax declaration master for sales tax, select VAT.

Tax Category

The tax category.

You can create a tax declaration master for a combination of tax declaration type and tax category. If you leave this Tax Category field empty, the tax declaration master is used for all tax categories for which you do not define a specific tax declaration master.

If the type of tax declaration is VAT, this field is usually empty.

Collection Office

The collection office for which you define the tax declaration master.

Version

A code identifying the tax declaration master.

Description

A description of the tax declaration master.

Tax Country

The tax country for which you prepare the tax declaration.

By default, this field displays the country of the collection office's address.

Registration Code

The registration code of the jurisdiction by registration.

Identification Number

The identification number associated with the registration code.

Number of Decimals for Rounding

The number of decimals required for amounts on the tax declaration. If you automatically transfer the tax declaration, you must enter a value.

If no decimal values are required, enter zero.

Text

If this check box is selected, a text is present.

Automatic Transfer
Automatic Transfer

If you set up LN to automatically transfer the tax declaration, select this check box.

Declaration Pathname

If you set up LN to generate an ASCII file or an XML file for the tax declaration, this is the location where you can store the file.

You can specify a location on your PC.

ASCII format

If this check box is selected, LN generates an ASCII file for the tax declaration.

If this check box is cleared, LN generates an XML file.

Fixed Tag Length

If this check box is selected, the predefined length of the tag is used.

If this check box is cleared, the actual length of the tag is used.

Tax Positions Initialized

If this check box is selected, the tax declaration master was initialized. As a result, you can no longer modify the tax declaration master.

To modify, for example, the User-defined Tag Content field in the Tax Positions by Tax Declaration Master (tfgld1121m000) session, clear this check box.

Tax Payment
Tax Payment
Generate Standing Order

If this check box is selected, LN automatically creates a standing order for the tax payment when you submit the tax declaration.

Settlement Tax Code

The tax settlement tax code.

Interim Tax Payment Account

The ledger account to which LN posts the declared tax amount when you submit the tax declaration.

If the net VAT amount of the declaration is less than zero, LN uses the Interim Tax Payment Account.

Interim Tax Recoverable Account

The ledger account to which LN posts the declared tax amount when you submit the tax declaration.

If the net VAT amount of the declaration is greater than or equal to zero, LN uses the Interim Tax Recoverable Account.

Use Tax Balancing Account

To use an additional tax balancing account, select this check box.

Tax Declaration Currency

The currency source in which the tax declaration is processed for the specific tax country.

Allowed values

  • Local Currency
  • Reporting 1
  • Reporting 2
  • Not Applicable
  • Tax Currency
Note: The option Tax Currency is displayed only if the Registration by Tax Country is set to Active in the Global Registration Parameters (tctax2100m000) session.
Tax Balancing Account

If you select the Use Tax Balancing Account check box, this field must contain the additional tax balancing account.

Transaction Type

The transaction type part of the tax offset posting and the posting on the interim tax payment account created when you submit the tax declaration.

Transaction Series

The series and number for the tax offset posting and the posting on the interim tax payment account created when you submit the tax declaration.

Recalculate Amounts with Declarant Exchange Rates
Recalculate Amounts with Declarant Exchange Rates

If this check box is selected, tax amounts are recalculated using the exchange-rate type to which the rates determined by the local tax authorities are linked.

Note: If the Tax Declaration Currency field is set to Tax Currency the exchange-rate type for tax reporting is displayed.
Declarant Rate Type

The exchange-rate type to which the rates determined by the local tax authorities are linked.

The rates for this rate type originate from the Currency Rates (tcmcs0108m000) session.

Declarant Rate Type Result Account

The account to which the differences are posted that result from using the rate type for settlement of the original amounts, and the rate type applicable to the amounts that are submitted to the local tax authorities.