In the Forecast After Tax Temp Diffs page, users can enter after tax adjustments that are temporary in nature. An example of an after tax temporary difference is a tax credit with a carry-forward amount.
Enter a separate line item for each after tax temporary difference:
1. | Select the Code-Description and then Tag or Class/Sub-Class. |
3. | Enter the current activity amount in local currency. |
4. | There are also fields for entering deferred only adjustments and balance sheet only adjustments. |
5. | The ending balance, if any, is automatically calculated. |
6. | Click Add New to create the forecast after tax temporary difference. |
• | After a forecast after tax temporary difference item is created users can edit or delete it by clicking the appropriate icon. |
• | Click the pencil icon to edit the entry. |
• | Select Save Changes after making any changes. |
• | Users can attach files to individual after tax temporary difference item on this page. If users have supporting documents, click the paper clip or filing cabinet next to the item. |
• | Users have the ability to add and update notes to a line item. Users may click on the notes icon then add notes. |
• | The impact of individual forecast after tax temporary differences on the tax provision can be viewed on the Forecast Rate report. |
Notes:
• | If a new forecast after tax temporary difference item is required, contact the Corporate Tax Department. |
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