Contents

1. Preface

  • 1.1 Introduction
  • 1.2 Audience
  • 1.3 Documentation Accessibility
  • 1.4 Organization
  • 1.5 Glossary of Icons
  • 1.6 Related Documents

    • 2. Building Tax Components

  • 2.1 Introduction
  • 2.2 Steps Involved in Processing Tax
  • 2.3 Maintaining Tax Category
  • 2.3.1 Maintaining Tax Category
  • 2.4 Tax Rules
  • 2.4.1 Invoking the Tax Rule Maintenance Screen
  • 2.4.2 Currency in which the Tax has to be Calculated
  • 2.4.3 Exchange Rate Type
  • 2.4.4 Rounding Details
  • 2.4.5 Tax Application Method
  • 2.4.6 Tax
  • 2.4.7 Tax Slab
  • 2.5 FATCA Withholding Rules
  • 2.5.1 Invoking FATCA Withholding Rule Maintenance Screen
  • 2.5.2 Specifying System Data Elements
  • 2.5.3 Specifying Expression Builder
  • 2.5.4 Viewing FATCA Withholding Rules
  • 2.6 Processing FATCA Tax for Referred Transactions
  • 2.6.1 Processing FATCA Tax for Referred Transactions
  • 2.7 Tax Components as Classes
  • 2.7.1 Defining Transaction Level Taxes as Classes
  • 2.7.2 Defining Issuer Taxes as Classes
  • 2.7.3 Defining the Events and the Basis Amount
  • 2.7.4 Maintaining Rate Codes and their Values
  • 2.7.5 Furnishing the Rate Values for a Code
  • 2.7.6 Associating a Rate Code with an Issuer Class
  • 2.8 Tax Component Groups
  • 2.8.1 Grouping Tax Components into a Scheme
  • 2.8.2 Defining Securities and Derivative Taxation Schemes
  • 2.8.3 Defining a Money Taxation scheme
  • 2.8.4 Features of Tax Scheme Maintenance Screen
  • 2.9 Tax Scheme to a Product Linkage
  • 2.9.1 Linking a Tax Scheme to a Product
  • 2.9.2 Features of the Product-Tax Linkage Definition screen
  • 2.9.3 Specifying Currency Details
  • 2.9.4 Surcharge
  • 2.9.5 Processing Tax on a Contract
  • 2.9.6 Processing Tax on MM contracts
  • 2.9.7 Processing Tax on Customer Accounts
  • 2.10 A Note on Tax Processing for Rollovers
  • 2.10.1 Specifying Rollover Tax Details for the product
  • 2.10.2 Liquidating tax (on principal) upon rollover
  • 2.10.3 Specifying rollover tax details for the contract
  • 2.11 Specifying Exemption of Tax on Interest Earned on Deposits
  • 2.11.1 Features of Application of DIRT
  • 2.11.2 Exempting DIRT on Interest on Deposits

    • 3. Reports

  • 3.1 Tax Payable Report
  • 3.1.1 Generating the Tax Payable Report
  • 3.1.2 Contents of the Report

    • 4. Function ID Glossary