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In the Forecast Tax Adjustments page, users can enter the unit’s tax adjustments in local currency. Examples include tax credits, withholding tax, and other adjustments.
Enter a separate line item for each Tax Adjustment:
| 1. | Select the Code-Description and then Tag or Class/Sub-Class. |
| 2. | Select the type of adjustment. It will usually be a P&L adjustment. However, if users are entering an item that does not have any impact on the current tax expense; for example, stock option expense, select E - Equity Adjustment. |
| 3. | Enter the amount of the current tax adjustment in local currency. |
| 4. | Click Add New to create the tax adjustment. |
| • | After a tax adjustment is created users can edit or delete the item 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 an individual tax adjustment 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. |
| • | There is a common set of tax adjustments for all units. |
| • | The impact of individual tax adjustments on the tax provision can be viewed on the Forecast Rate report. |
Notes:
| • | If a new tax adjustment item is required, contact the Corporate Tax Department. |
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