In the Create Override Tax Treaty panel, you can add global tax rate override criteria for a given entity, issue country, issue tax type, and effective date combination. You can use this panel to provide the criteria to override a less restrictive global tax rate, and instead apply the best possible match to a more narrowly defined global tax rate that allows override rate processing, such that its Override Indicator Code (tag 669) option is set to Yes.
To create a global tax rate override:
In Accounting Center, in the left navigation pane, click Setup
...
> Tax Rates > Tax Treaty Overrides
...
> Create Override Tax Treaty.
You see the Create Override Tax Treaty panel.Complete the options on the Create Override Tax Treaty panel.
Click Submit.
The following are the options in the Create Override Tax Treaty panel.
Option | Tag | Description |
|---|---|---|
Distribution Type | 670 | Specifies the type of income. Options include:
|
Entity Name | 1164 | Specifies the name of the entity. |
Entity ID | 1163 | Specifies the unique identifier of the entity. |
Issue Country | 2290 | Specifies the name of the country that issued the security. |
Issue Tax Type | 668 | Identifies the security's tax structure. For example, FI, EQ. You must also define the Issue Tax Type in each security master file for which it applies. If you specify a value of ALL for the global tax rate, it defaults all issue tax types. |
Begin Date | 71 | Identifies the first date of the tax rate period. |
End Date | 73 | Identifies the last date of the tax rate period. If you do not specify a value, the rate is assumed to exist indefinitely from the Begin Date. |
Description | 1104 | Specifies a description for the global tax rate. |