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The After Tax Temporary Differences - Tax Basis page allows you to enter after tax adjustments that are temporary in nature.
Note: Tax Basis Temporary Difference screens allow you to enter amounts as purely tax balances, with or without book or net of book.
Enter a separate line item for each After Tax Temporary Difference:
| 1. | Select the appropriate code-description from the drop-down menu in the first column. |
| 3. | The carryover balance, if any, is automatically pre-populated. |
| 4. | Enter the current activity amount in local currency. |
| 5. | There are also fields for entering deferred adjustments and balance sheet only adjustments. |
| 6. | Click Add New to create the temporary difference. |
Notes:
| • | If a new after tax temporary difference item is required, contact the Corporate Tax Department. |
After a temporary difference item is created, you 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. You can attach files to individual temporary difference item on this page. If you have supporting documents, click the paper clip icon next to the item.
The impact of individual temporary differences on your tax provision can be viewed on the Tax Provision report and the Deferred Balances report.
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