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. |
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