Obligation Type - P&I Control

Open Admin, Obligation Type and navigate to the P&I Control tab to define the penalty and interest control record that governs the penalty and interest calculation rules for obligations of this type.

Description of Page

The P&I Control and its P&I Rules define the configuration governing the tax authority's penalty and interest calculations. As these rules change over time, a new P&I Control record with the new applicable P&I Rules is created and linked to the applicable obligation types for the effective date of the change.

The following fields display:

Note:

P&I configuration. Refer to Setting Up Penalty and Interest Options for more detail about the configuration required for calculating penalty and interest.

Where Used

This information is used by the P&I Calculation plug-in to apply specific rules.