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