Toolbox

In the master data workspace Toolbox, current tax calculations can be configured for each country created in the Countries workspace. Tax calculation is carried out in the Current Taxes workspace in the Company area.

The master data workspace Toolbox can be opened under Master Data | Toolbox.

The Toolbox workspace is displayed as follows, for example:

To configure Toolbox, proceed as follows:

The Copy settings function offers further possibilities for the configuration of Toolbox. There are four different options for copying the current settings.

The following options are available:

The entry of the calculation of actual taxes in Income Taxes is primarily required for the generation of a tax reconciliation statement [TRR]. For German companies, there is a data entry option that complies with the applicable country-specific tax requirements. It can be found in both the tax details [ Revenue, KSt 1A, etc.] and the summary workspace Actual Taxes.

This level of detail in tax data collection is not available to companies that are not assigned to the country “Germany”. An exception to this is the country Switzerland. To nevertheless enable the most comprehensive coverage possible of country-specific tax calculations, using Toolbox is recommended.

Toolbox supports the correct handling of country-specific tax calculations. For users of Income Taxes, using it significantly reduces the number of questions that arise regarding the correct row for each respective tax issue. At the same time, it improves the data quality of the information entered in Income Taxes and helps ensure the informative value of TRRs.

More than 200 rows are available by default for the configuration of tax calculations. It is also possible to further extend the row options available in Income Taxes. Only the sum fields [highlighted in gray in the Toolbox workspace] are firmly linked to tax rate reconciliation in the TRR workspace.

In Toolbox, there are a number of rows where, when activated, a specific calculation is automatically assigned.

6.98 – Deductible business tax

If business tax is defined as deductible in the company master data, the calculated business tax from row 17 will be transferred to this row in the corporate income tax column.

11.0 – Automatic transfer of taxable revenue

For fiscal units, this row is used to automatically transfer the full income from row 10 to the parent company.

11.1 – Automatic transfer of taxable income, including losses – only relevant for members of a tax group

For fiscal units, this row is used to automatically transfer the full income from row 10 to the parent company. In contrast to row 11.0, the export loss relief from row 12 are also included here.

20.1 – Corporate/local taxes

Depending on the type of company and the settings at hand, the taxes from row 17 are displayed here.

20.2 – Tax assessments – corporate/local taxes

Depending on the type of company and the settings at hand, the taxes from row 17 are displayed here.

20.2.97 – Tax assessments on row 11.0 (automatic)

If row 11.0 is activated and the result has been submitted, the corresponding assessments will be displayed here.

32.99 - Non-period current taxes from tax losses carried back

If a loss carried back has been entered in row 12.99, the corresponding tax effect will be displayed here.