Tax Register and Financial Tax Register

This topic includes details about the Tax Register and Financial Tax Register.

Overview

Tax registers include:

• Tax Register: Identifies total tax amounts by tax type, tax class, and company from transactions created in Oracle Fusion Receivables. The report includes deferred tax accounting information and all transactions for which tax accounting is defined.

  The following figure is an example of the report.

  

• Financial Tax Register: Prints tax and accounting information created from transactions entered in Oracle Fusion Receivables, Oracle Fusion Payables, and Oracle Fusion Tax repository. The report lists input, output tax data, or both.

  The following figure is an example of the report.

  

All amounts are printed in transaction entered currency.

Key Insights

The tax register types for the Tax Register and Financial Tax Register are:

Name	Description
All	Use this register to include all tax transactions.
Nonrecoverable Tax Register	Use this register to show your partial and fully nonrecoverable input taxes. It also provides details on nonrecoverable taxes on: Earned discounts Unearned discounts Finance charges Adjustments
Tax Register	Use this register to report tax liability. It includes details on: Standard and collected output tax Partial and fully recoverable input taxes

Report Parameters

The following table describes selected process parameters:

Parameter	Description
Reporting Level	Choose the level on which you want to run the report. You can choose from three different levels, Ledger, Legal Entity, and Tax Registration Number.
Reporting Context	Specify the context for the report. The list of values for this parameter depends on the reporting level you selected. If you select the reporting level of Legal Entity, you select the legal entity on which to report, and optionally select the tax registration number. By entering a tax registration number in the Tax Registration Number parameter, you report only on a subset of transactions that are entered for a specific legal reporting unit associated with the tax registration number. Run the report for a tax registration number to report on the transactions entered for legal entities that share the same tax registration number. This is also known as tax group registration. If you select Ledger as the reporting level, you can report on legal entities associated with ledgers defined in the ledger set or data access set within your security profile. Run tax reports by ledger when you want to review your tax activity as it aligns with your accounting. Run tax reports by ledger when you need to view tax activity in a currency other than the currency of the ledger or the currencies of the transactions.
Tax Registration Number	Enter a tax registration number that is assigned to the legal reporting unit, when the reporting level is Legal Entity.
Tax Point Date	Include the transactions for the date range specified. Tax point date is the date on which the taxpayer becomes liable for paying the tax to the tax authority.
Currency	Select the range of currencies to include in the report. If a transaction is in a currency that is not within the specified range, it isn't included.
Accounting Status	Run the report for accounted transactions, unaccounted transactions, or both transactions.

Frequently Asked Questions

The following table lists frequently asked questions about the Tax Register and Financial Tax Register.

FAQ	Answer
How do I find these reports?	Schedule and run this report from the Scheduled Processes work area on the Navigator menu.
Who uses these reports?	Tax manager Tax accountant
When do I use these reports?	Use these reports to: Report your tax liability to the tax authority Determine your nonrecoverable taxes
What type of reports are these?	Oracle Analytics Publisher