Instructions

INSTRUCTIONS

[tswHome.txt]

This Tax Package is required in order to properly account for the company's income taxes under US Generally Accepted Accounting Principles ("GAAP"). FAS 109, Accounting for Income Taxes, establishes financial and reporting standards for the effects of income taxes that result from an entity's activities during the current and preceding years.

The Corporate Tax Department will use this information in calculating and supporting the amounts included in the company's income tax accounts which are reported in the annual financial statements and audited by our auditors.

Selected entities will be reviewed by our auditors. If users are selected, users will be contacted. If our auditors determine that they are going to audit a legal entity that users are responsible for, this application will provide the necessary reports for the FAS 109 calculation.

If users have any questions as users prepare this tax package, contact the Corporate Tax Department

[tswUnitList.txt]

Instructions

<ul><li>Generally, a unit represents a legal entity.</li><li>The entities for which users are responsible are listed below.</li>

<li>Click on 'Begin' in the appropriate column for each entity to get to the data entry pages.</li>

<li> There is also a status indicator in each row. This indicator shows one of four status descriptions:

<ul><li>'Incomplete' indicates that the Preparer has not completed data entry.</li>

<li>'Prepared' indicates that the Preparer has finished data entry.</li>

<li>'1st Level Reviewed' indicates that the Reviewer has finished their review.</li>

<li>'2nd Level Reviewed' indicates that the Financial Officer responsible for this entity has signed off on this income tax calculation. Once the unit has been 2nd Level Reviewed, users cannot make any further changes to that unit without contacting the Corporate Tax Department.</li></ul>

[tswLiabilitiesAdv_Fed.txt]

Instructions

<ul><li>The input below reflect the items that impact the tax payable account. (eg, a tax payment to the government or a tax refund from the government).</li>

<li>Payments are positive (+), Refunds are negative (-).</li>

<li>Fill in payments, refunds and adjustments using the Functional currency, in whole units.</li>

<li>Input the Ending Income Tax Payable Balance using the Functional currency, in whole units. Beginning balance plus/minus payments, refunds and adjustments must equal the ending balance.</li>

<li>Amount per financials statement and the computed USD amount must Agree (See Income Tax Acct Report)</li></ul>

[tswUnitATTempDiffs.txt]

Instructions

<ul><li>An after tax temporary difference is a modification to the current and future tax provision, which is reported on an after-tax basis</li>

<li>Add each after tax temporary difference as follows:<ul>

<li>Select the appropriate after tax temporary difference from the drop down.</li>

<li>Enter the amount using the local currency, in whole units.</li>

<li>Click on the 'Add New' button.</li></ul> </li>

<li>The deferred only input is used for activity that impacts the deferred provision but not the current provision.</li>

<li>If additional new After Tax Temporary differences are required, contact the Next Tax Office</li></ul>

[tswUnitNOLs.txt]

Instructions

<ul><li>Enter the net operating losses that will be reported on the income tax return for this legal entity.</li>

<li>Add each net operating loss as follows:<ul>

<li>Select the appropriate net operating loss from the drop down.</li>

<li>Select the current or non-current designation.</li>

<li>Enter the Current Activity Amount in the local currency, in whole units.</li>

<li>If appropriate, enter a Deferred Only amount or a Balance Sheet Only amount. Note that users cannot enter non-zero values for both.</li>

<li>Click on the 'Add New' button.</li></ul></li>

<li>If applicable, enter valuation allowances.</li></ul>