Copying Tax Rates

You run the OnDemand_CopyTaxRates rule to copy all Tax Rate data from the prior year to the current year.

Note:

If you update prior year tax rate(s), use Force Calculate in the current period to pull in the updated rates.

When you run the OnDemand rule for CopyTaxRates, you must use the correct data form:

  • For the Apportionment and Tax Rates, use the Tax Rates data form.

  • For the Override Tax Rate, use the Override Tax Rate data form.

The following table specifies the rates that are copied from the last period of the prior year to the first period of the current year.

Last Period of Prior Year (P12)First Period of Current Year
Apportionment 
A#TaxApportionmentOpeningNothing
A#TaxApportionmentRegClosing A#TaxApportionmentRegCY
A#TaxApportionmentRegClosing A#TaxApportionmentRegOpening in the first period of the next year
Tax Rates 
A#TaxRatePYNothing
A#TaxRateCYA#TaxRateCY from P12 is copied to A#TaxRatePY in the first period of the current year
A#TaxRateCurrentOpeningNothing
A#TaxRateCurrentClosingA#TaxRateCurrentClosing
A#TaxRateNonCurrentOpeningNothing
A#TaxRateNonCurrentClosingA#TaxRateNonCurrentOpening
A#TaxRateConsETRA#TaxRateConsETR
Override Tax Rates 
RF#OverrideTaxRateOpeningNothing
RF#OverrideTaxRateCYNothing. Manual input in next period.
RF#OverrideTaxRateClosingRF#OverrideTaxRateOpening