Learning about Multi‑GAAP Tax Rates

Tax calculation in Tax Reporting is enhanced to apply different tax rates by income type and by GAAP (for example, US GAAP vs. IFRS) within the same accounting period. Instead of using a single "regular income" tax rate for all income, the solution supports scenarios where regular income, short‑term capital gains (STCG), and long‑term capital gains (LTCG) require distinct statutory rates—and where late jurisdictional tax rate changes require concurrent rates in-period across accounting bases. This capability:

• Supports multiple concurrent tax rates in the same period across Multi‑GAAP (for example, US GAAP, IFRS)
• Addresses both different income heads taxed at different rates and late tax rate changes requiring different rates across GAAPs within a reporting period

Note:

• Multi-GAAP tax rates are applicable only for Tax Provision National and supports national only entities.
• Consolidated ETR rate is not supported by Multi‑GAAP.