Configuring Functions

In the Functions workspace, important tax tools are provided to correctly reflect complex issues such as tax groups, partnerships, special business assets, and reorganizations in the system and make automatic calculations and adjustments.

These include the following functions:

• Documents: You can use these functions to upload, link, or manage relevant documents, such as tax documents, working documents, or external certificates.
• Tax Group Function: This function provides support in determining the surplus or deficit within and prior to the tax group. It enables the automatic generation of tax adjustments for the investment book values of the tax group in the tax balance sheet of the tax group parent.
• Trust Model: Using this function, you can create or update tax adjustments based on the tax balance sheet data of a trust company. During the configuration, you can select the trust company's tax balance sheet and target adjustment level, and choose the relevant Balance Sheet and Income Statement positions. The corresponding tax adjustments are then created or updated.
• Mirror image method: The function enables the automatic generation of tax adjustments for the valuation of investments in partnerships according to the so-called mirror image method.
• Transfer to special business assets: This function enables the creation and updating of special balance sheet issues based on tax adjustments in the balance sheet of the affected shareholder.
• Reorganizations: This function assists you with the tax accounting adjustments required for the entities involved in the reorganization. In this process, the assets and liabilities of the transmitting entity are automatically reflected in the balance sheet of the receiving entity. Detailed information on configuring reorganizations can be found in Configuring Reorganizations.