TAX-module

The Tax module consists of several parts. It is also the place for recording links in SAP. Should data or structures be recorded elsewhere in SAP, they will be copied. The Tax module consists of the following parts:

TAX-accounting

Various tax scenarios can be calculated for tax accounting. The relevant General Accepted Accounting Principles (GAAPs) and the various structures are taken into account.

A range of analyses, calculations and summaries can be created in real-time. The summaries pertain to the calculation of the Effective Tax Rate (ETR), deferred tax, current tax, tax-deductible losses, booking proposals and disclosures.

The summaries can be compiled using comparable figures from other periods, entities and currencies. The option of drilling down to underlying data and bookings for a thorough analysis is always available.

Transfer pricing

This part consists of three parts: Master File, Local File and Operational Transfer Pricing. Various data that are important for implementing good, centralised transfer pricing are recorded in the Master and Local Files. Real-time calculations are included in Operational Transfer Pricing. This is important for the continuous monitoring of correct transfer pricing in order to avoid later corrections.

Compliance

All the financial calculations, summaries and information relevant for creating a tax return are collated here.

The summaries can be compiled using comparable figures from other periods, entities and currencies. The option of drilling down to underlying data and bookings for a thorough analysis is always available.

External reporting

All the financial information required for creating external reports such as Country by Country Reporting (CBCR) is entered and collated in this module.

The summaries can be compiled using comparable figures from other periods, entities and currencies. The option of drilling down to underlying data and bookings for a thorough analysis is always available.

Forecasting

The models, analyses, calculations and computations that are required for creating good forecasts are created here. The calculations can take account of various scenarios.

The summaries can be compiled using comparable figures from other periods, entities and currencies. The option of drilling down to underlying data and bookings for a thorough analysis is always available.

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