Enhanced Tax Losses and Credits DTNR by Year of Expiration

Tax Losses and Tax Credits Deferred Tax Not Recognized (DTNR) now creates derecognized amounts grouped by the Year of Expiration.
The system automates the creation of necessary data source members and uses FX ending rate to translate the amounts. This feature is available at the corporate reporting level and supports compliance with IFRS requirements for tax footnote disclosure.

Note:

  • Two new forms Tax Losses DTNR by Year of Expiration and Tax Credits DTNR By Year of Expiration are added when you enable the feature.

  • Year of Expiration forms are only available at the national level; DTNR regional (state/province) reporting is not supported.

  • Any entries without a recognized carryforward loss or credit in the DTNR forms will be grouped as "Uncategorized" in the Year of Expiration form. 

Business Benefit: This enhancement improves transparency and efficiency by simplifying the tracking, reporting, and disclosure, including the de-recognized amounts of tax losses and credits. It reduces manual effort, mitigates reporting risks, and supports audit-readiness, helping ensure accuracy and completeness in the statutory financial reports.

Steps to enable and configure

  • You must have enabled Deferred Tax Not Recognized (DTNR) to enable this feature.
  • For new applications, enable the feature by navigating to Create Application: Features, selecting Tax Losses and Credits DTNR by Year of Expiration under IFRS and clicking Enable.
  • For existing applications, enable the feature by navigating to Application: Configuration, selecting Tax Losses and Credits DTNR by Year of Expiration, and clicking Enable Features.

Key resources