Foreign Tax Credit Report

Owned by Former user (Deleted)
Oct 27, 2016
2 min read

The Foreign Tax Credit report displays the withholding tax based on tax eligibility from cash and earned income methods. This report evaluates income at the lot level and assesses holding period requirements and ledger adjustments. The report considers the future activity that causes lots to fail the holding period.

Grid and advanced report views include:

  • Summary income, withholding tax, and failing withholding tax at the issue country level
  • Detail income and withholding tax at the transaction level
  • Failing lots for the holding period
  • Prior exceptions and possible future exceptions

To create the Foreign Tax Credit report:

  1. From the Accounting Center window, click Reporting in the left navigation.
  2. Double click Investment Accounting, Income, and Foreign Tax Credit.
    You see the Foreign Tax Credit panel.
  3. Complete the fields on the Foreign Tax Credit panel.
  4. Click Submit and then click Advanced Report or Classic Grid Report.
    The report results appear on your desktop for the view selected.

Foreign Tax Credit Panel Options

A definition of the options on the Foreign Tax Credit panel follows.

Search Criteria

  • Entity ID. Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by the entity ID of the entity.
  • Entity Name. Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by name of the entity.
  • Accounting Basis. Specifies the entity accounting basis. For example, USTAX, GAAP, or IFRS.
  • Report Type. Specifies the type of date for controlling your report results.
    Options include:
    –  Accounting Date (Default)
    –  Month End Date
  • Report Period. Specifies the time period, date range, or particular date for your report. The time period may be entity specific or security specific, such as fiscal year.
    Options include:
    –  Daily Activity
    –  Date Range
    –  Fiscal Year to Date (Default)
    –  Calendar Year to Date
    –  Month to Date
  • Report Start Date. Specifies the start date for your report results. The default is first day of the current month. To use this option, you must select Date Range as your report period.
  • Report End Date. Specifies the ending date for your report results. The default is today's date.

Selection Criteria

  • Report Filters. Allows you to show/hide additional report and security filters. The default is No.
  • Advanced Report Options. Allows you to show/hide advanced report detail tab selection, group, sort, and format options. The default is No.
  • Filter Security By. Allows you to show/hide additional report filters.
    Options include:
    –  Security Cross Reference (Default). If you select this option the panel unhides the Xref Type and Xref Security ID fields for data entry.
    –  Issue Name. If you select this option, the panel unhides the Issue Name field for data entry.
    –  Primary Asset ID. If you select this option, the panel unhides the Primary Asset ID field for data entry.
  • Other Filters. You can filter results using other filters.
    Options include:
    –  Asset Currency
    –  Long Short
    –  Investment Type
    –  Security Type
    –  Processing Security Type
    –  Tax Country
  • Detail Tab Selection. Allows you to select additional views for your report results.
    Options include:
    –  FTC Summary (Default No)
    –  FTC Detail (Default No)
    –  FTC Failing the Holding Period (Default No)
    –  FTC Exception (Default No)