Manage Tax Expense Based Expenses

Tax expense based expenses allow you to set up tax rates to calculate taxes based on the daily activities for income, unrealized, and realized gain/loss. Using tax expense based expenses can help you address different types of taxes applied to mutual funds in different parts of the world. Countries establish their own set of rules and regulations to tax certain types of activities within a mutual fund. 

As with expense based expenses, tax expense based expenses allow you to calculate taxes based on other daily expense accruals. However, tax expense based expenses allow you to select a wider range of ledger accounts for tax calculation purposes. You can define tax expense based expenses at the fund or class level.

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