Enhanced Tracking of Unrecognized Tax Losses and Credits

You can now enable a feature that will allow you to track Unrecognized Tax Losses/Credits with Deferred Tax Not Recognized (DTNR) functionality in support of IFRS financial reporting disclosure requirements. Tax Losses DTNR and Tax Credits DTNR forms can now be used to keep track of the DTNR values on a Year of Expiration basis for Loss accounts or Credit accounts respectively.

Two new forms, Tax Losses DTNR and Tax Credits DTNR, are added when you enable the feature.

Business Benefit: Tax Reporting now tracks the recognized and unrecognized tax losses and credits by Year of Expiration for IFRS financial reporting disclosure.

Steps to Enable

This feature can be enabled by navigating to Application>Configurations>Enable Features. Select Tax Losses and Credits DTNR by Year of Expiration under IFRS and click on the Enable button. Deferred Tax Not Recognized (DTNR) feature is required to enable this feature.

Key Resources

• Working with Tax Losses DTNR and Tax Credits DTNR in Working with Tax Reporting
• Enabling Application Features in Administering Tax Reporting