Holidays table for Tax payments

The “Holidays table for tax payments” defines the precise day on which the entry deriving from the payment or reimbursement of taxes (direct and indirect) must be recognised if that which is calculated automatically by the system takes place on a date defined as a “holiday”.

The management of holidays for tax payments can be accessed from the administrator-user’s web interface, by following the path Setup & Admin > Data Processing > Cash Flow Planning > Advanced Financial Rules > Holiday.

Navigation panel> Data Processing > Cash Flow Planning > Advanced Financial Rules > Holiday.

Each holiday is identified by:

• a code
• a description

Once a holiday has been defined, it is necessary to enter its details, or the calendar of holidays which, for each date declared to be a holiday, must specify the date on which the entry must be recognised. To do this, specify the following from the actions > details menu:

• a holiday date, or the date that must be considered to be a holiday
• an operation date, or the date on which the entry generated in the corresponding “holiday date” must be recognised.

The definition of holidays for tax payments differs from that used for the payment calendar because the latter defines the date to which all payments that, according to the credit terms rules, should fall within a given time period are in reality moved at a certain date.