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For each type of tax you plan to use in after tax calculations, create an Advanced tax field that identifies the tax type and provides the location where you store the tax rate. For example, if you maintain several types of tax rates at the country or regional level that you plan to use for after tax calculations, you define each of those tax type categories with a tax field. A sample field for a regional short term capital gains tax is shown in the following figure.

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Advanced Tax Field Example

To create an Advanced tax field that identifies a tax type for use in after tax calculations:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Reporting in the Start Search text box and click the General Reporting (Performance Center) link.
    You see the Performance Center with the General Reporting workspace.
  3. Select the Components tab.
  4. Expand Fields, select the Tax folder, and click New.
    The New Regular Field dialog box appears.
  5. In the list box above the attributes, change Regular Field to Advanced Field.
    The name of the dialog box changes to New Advanced Field.
  6. In the Name field, enter the name of the tax type used to classify tax rates.
    The previous figure shows a sample Advanced tax field. For example, if you plan to maintain tax rates for short term capital gains tax at the regional level, assign the tax field a name of Regional Short Term CG Tax.
  7. For the Database, Table, and Column attributes, enter the location where you store tax rates.
    You store tax rates in the PACE_MASTER database, in the TAX_RATES table, in the TAX_RATE column.
  8. Set Process to Tax Rate Fetch, and set Field Indicator to Tax Rate.
    You can now create tax rates associated with a tax type that has the name of your Advanced tax field. For example, you can now create tax rates with a tax type of Regional Short Term CG Tax.

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Configure Countries and Regions for Tax Rates

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These configuration tasks affect the country/region combinations you can select when you create individual tax rates.

To configure countries and regions for use in after tax calculations:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Tax Rates in the Start Search text box and click the Tax Rates (Performance Center) link.
    You see the Performance Center with the Tax Rates workspace open. See the following figure. This workspace displays a row for each tax rate you created associated with the selected country and region. By default, the Country field has a value of All Countries and the Region field has a value of All Regions. If you created no tax rates, no rows appear in this workspace.
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  1. Click the Configure link.
    The Select Regions dialog box appears. See the following figure.
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  1. In the Country column, ensure that the appropriate code list you use to identify countries for tax rate purposes appears.
    By default, the system uses an internal currency code list. If the appropriate code list does not appear in the Country column, you can select the appropriate code list in the Countries field, and click OK to display the corresponding list of countries in the Country column.
  2. For each country you plan to associate with tax rates, select a value in the corresponding Regions Category column to identify the code list associated with regions for that country.
    The code list you select must contain an entry of DEFAULT used to indicate "all regions" for the corresponding country. If you track tax rate information at the region level for the country, the selected code list can additionally contain entries for each individual region in the country. In the example shown in the previous figure, you set up a single code list for all regions in all countries named "All Region Code" and associate that code list with the US Dollar country, that is, with the country code you use for US tax rates. This allows you to create US tax rates at both the federal and state level.
  3. Click OK to save your changes.