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Define deferred taxes

Sequence of procedures for defining deferred taxes

  1. Define a fiscal policy and the relative taxes

Data Processing tile > Taxes > Fiscal Policy and Taxes

Application database > Navbar > Data Processing > Taxes > Fiscal Policy and Taxes

This procedure allows you to define, in the list, a fiscal policy with the relative associated taxes to be able to subsequently associate it to specific entities.

  1. Click in the tool bar to define a new fiscal policy.
  2. In the Attributes tab, define the code and description, then in Taxes click to associate one or several taxes with the selected fiscal policy.
  3. Click Save to confirm.
  4. Associate the fiscal policy with an entity

Dimensions tile > Entity > List

Application database > Navbar > Dimensions > Entity > List

  1. Select the desired entity.
  2. In the Rules tab, in Fiscal policy, select the desired policy.
  3. Click Save to confirm.
  4. Define the tax rates

Application database > Rates > Tax rates

Application database > Navbar > Rates > Tax rates

  1. Click in the tool bar to define a new tax rate.
  2. In the Attributes tab, define the characteristics of the rate.
  3. Specifically, in Tax, select the tax to which the rate applies and select the percentage value of the rate in Rate.
  4. Click Save to confirm.
  5. Define the output accounts

Data Processing tile > Taxes > Taxes setup - output accounts

Application database > Navbar > Data Processing > Taxes > Taxes setup - output accounts

  1. Click in the tool bar to add a fiscal policy and the related tax.
  2. In the Deferred and prepaid taxes tab, define the accounts on which to register the deferred and prepaid taxes.
  3. In the Direct Taxes tab, define the necessary information for booking the direct taxes.
  4. In the Direct Taxes - Payments tab, define the information related to direct tax payments.
  5. Click Save to confirm.
  6. Define the input accounts

Data Processing tile > Taxes - Deferred and Prepaid Taxes - Input accounts

Application database > Navbar > Data Processing > Taxes - Deferred and Prepaid Taxes - Input accounts

  1. Click in the tool bar to add an input account.
  2. In the Attributes tab, define the particular accounts to be considered for calculating the taxable base and the percentage of the account subject to tax.
  3. Click Save to confirm.