Maintain Tax Rates

Owned by Kavitha Thangaswamy (Unlicensed)
Last updated: Oct 24, 2023 by Pamela Totas (Deactivated)
1 min read

Tax rates are used to calculate SEC after-tax returns. You maintain them by using the Tax Rates option under Setup in Performance center.

This section applies to use of tax rates for Retail Fund Performance reporting. Eagle provides a separate set of guidelines for setting up tax rates and using them in Performance Returns reports for Portfolio Performance. For details, see Performance Calculation.

Any time a tax rate is going to change, a new record must be added. Tax rates are maintained by effective date in order to record the tax rate in effect at the time of any dividend distribution. For example, if the long-term capital gain tax rate changes from 20% to 10%, use this window to insert the new rate with the effective date of the change. In this example, the old tax rate is used for taxing distributions up until the effective date of the new rate. 

Tax Rates

 
To Add a New Tax Rate:

  1. In Performance Center, from the left navigation, select Setup > Tax Rates.

  2. Click New to add a new tax rate.
    For SEC mutual fund returns, the country should be United States (short code value USD) and the Region should be the default.