Predefined Attributes for Tax Reporting Applications
The following predefined attributes are created as properties when you register a Tax Reporting application.
Considerations
- Some attributes are enabled by default, and others are enabled based on your registration settings. The registration setting that enables the attribute is listed in the table below.
- All attributes allow blank values.
- You can add additional attributes by modifying the application registration. See Modifying Registered Tax Reporting Applications.
Table 31-2 Tax Reporting Predefined Attributes
| Property | Registration Setting to Enable | Description | Dimension |
|---|---|---|---|
| AEETRGlobalEntity | Is Ownership Management Enabled? | This attribute is used to identify the entity for which you will use the AEETR within a hierarchy. | Entity |
| Automation Source Movement Pillar Two | Is Interim Provision Enabled? | This attribute is used to identify a movement as source movement in pillar two automation. | Entity |
| CbCR | Enabled by default | This is deprecated in Tax Reporting. See Defining Account Tax Attributes in Administering Tax Reporting | Account |
| Classifications | Enabled by default | This attribute is used to set level of classification for deferred tax purposes. | Account |
| Consolidated ETR | Enabled by default | This attribute defines that this account and the data will be included in the Consolidated Effective Tax Rate Reconciliation (CETR). | Account |
| Current Tax Payable Automation | Is Current Tax Payable Automation Enabled? | This attribute is used to assign a Current Tax payable movement for automation from Current Provision. | Entity |
| Deferred Tax Movements Pillar Two | Is Pillar Two Enabled? | This attribute identifies the total tax effect of a Deferred Tax movement less valuation allowance which will be automated to the Pillar Two Account for which it is being assigned (i.e. Other Adjustments). | Account |
| DefExpToEquity | Is Deferred Tax Expense to Equity Enabled? | This attribute is used to identify the Regional jurisdictions that the Deferred Tax Expense will be reclassified as an equity adjustment. For example, when set on US_Blended, a new attribute becomes available for all entities that allows the setting of DefExpToEquityUS_Blended_Yes to reclassify the Deferred Tax Expense for the US_Blended Regional Deferred Tax calculation to Equity. | Jurisdiction |
| Domicile | Enabled by default | This attribute is used to identify the principal place of business of the Entity, and to identify which Jurisdiction member is valid for the Entity. | Account |
| Equity Reversal Target Account | Enabled by default | This attribute is used to identify the additional provision account where the tax effect of the permanent or temporary difference account will be reversed for equity accounted tax. | Account |
| Equity Reversal Target Account Regional | Enabled by default | This attribute is used to identify the regional additional provision account where the tax effect of the regional permanent or temporary difference account will be reversed for equity accounted tax. | Account |
| FBOS | Enabled by default | This attribute defines that "No federal benefit of state" would be applied on this account. | Account |
| FX Rates - Global Account Rate Override | Is this application Multi-Currency? | This attribute identifies an account that an FX override rate is required. | Account |
| Intercompany Account | Enabled by default | This attribute is used to identify the Intercompany account that is that is set as "Plug account". | Account |
| Intercompany Entity | Enabled by default | For Entity members, you specify if the member stores Intercompany detail. If you set the Intercompany property (ICP_Entity_Yes) for an Entity member, a member with the same name is created in the Intercompany dimension with the name ICP_<Entity Name>. | Entity |
| Is Plug Account | Enabled by default | Specifies if this account is a Plug account. | Account |
| Is Switch Sign | Enabled by default | This is deprecated in Tax Reporting. See Defining Account Tax Attributes in Administering Tax Reporting | Account |
| NCI Account | Is Ownership Management Enabled? | This attribute is used to identify the NCI Account that is a permanent difference where the non-controlling interest of pre-tax income will be posted | Account |
| NIBT FX Override Account | Is this application Multi-Currency? | This attribute is used to identify the NIBT Account is translated using and FX Override Rate. | Account |
| NIBT FX Override Difference Account | Enabled by default | This attribute is used to identify the NIBT Override Account, a permanent difference account where the difference between the NIBT FX Override Rate and the Average Rate NIBT is reflected. | Account |
| Override FX Translation Method | Is this application Multi-Currency? | Tax Reporting provides translation methodology overriding on an account-by-account basis. | Account |
| Parent Tax Calculations | Enabled by default | Parent Tax Calculations is set up when you require tax calculations to be run at the parent level. | Entity |
| PillarTwoCurrency | Is Pillar Two Enabled? | This attribute is used to identify the input currency for the Pillar Two jurisdiction | Jurisdiction |
| PillerTwoEntity | Is Pillar Two Enabled? | This attribute is used to identify an entity that is in-scope for Pillar Two Global Minimum Tax purposes | Entity |
| Plug Account | Enabled by default | For the accounts that have Intercompany set to Yes, and IsPlugAccount is not set, you can specify a Plug account. | Account |
| Rate change to equity | Enabled by default | This attribute defines that impact from change in Tax rates data will be reversed and applied to the Impact from Change in Tax Rates in Equity column for all the temporary difference accounts with this attribute. | Account |
| Regional Deduction | Enabled by default | Regional Deduction is set when you require the Regional tax expense to be deductible on the National Tax Provision. | Entity |
| RTA Prior Year Rate | Enabled by default | This attribute when assigned to the RTA-Deferred Only movement allows you to tax effect data using Prior year Tax rate, Prior year Closing Rate, or Prior year difference between P12 and P13 tax rates | Movement |
| {Scenario}_RC, where Scenario is a scenario name. For example, Actual_RC. | Is Scenario - Entity Tax Rate Change to Equity Enabled? | Creates an attribute property for each of the scenarios in the application. See Defining Entity Tax Attributes in Administering Tax Reporting | Entity |
| TAR Account Classification | Enabled by default | This attribute sets newly created TAR accounts to be calculated as Domestic or Foreign. | Account |
| TAR Book Account National | Enabled by default | This is deprecated in Tax Reporting. See Defining Account Tax Attributes in Administering Tax Reporting | Account |
| TAR Book Account Regional | Enabled by default | This is deprecated in Tax Reporting. See Defining Account Tax Attributes in Administering Tax Reporting | Account |
| TAR Jurisdiction Classification | Enabled by default | This attribute is used to identity the jurisdictions that are domestic. Any jurisdiction without the attribute set will automatically be classified as foreign | Jurisdiction |
| Tax Automation Source Movement | Enabled by default | Reserved for future use in Tax Reporting. See Defining Movement Tax Attributes in Administering Tax Reporting . | Movement |
| Tax Automation Target Movement | Enabled by default | This attribute when assigned to a deferred Tax movement , allows a user to target a source data with Tax Automation and Tax Automation Regional. | Movement |
| Tax Data Type | Enabled by default | This attribute defines how data is entered in the application for the accounts - PreTax, Tax and Apportioned. | Account |
| Tax Type | Enabled by default | Classifies whether the data present in the account is of type National data or Regional data or of both National and Regional. | Account |
| Translation Type | Enabled by default | This attribute when assigned to a movement allows a user to translate data using end of period rate. | Movement |
| WARSourceAccount | Is Weighted Average Enabled? | This attribute associates the tax expense accounts that will be used to calculate the Weighted Average rate for other Tax and Book accounts. | Account |
| Weighted Ownership Account | Is Weighted Average Enabled? | This attribute is used to identify the account used for weighting ownership as ownership changes over time. If no attribute is set the TRCS_NIBTAdjusted account is used. | Account |