1. Working with Tax Reporting
  2. Working with Regional Tax Process
  3. Working with Regional Current Provision
  4. Working with the Regional Current Provision Form
  5. Deductible Regional and Other Taxes, and Reversals

Deductible Regional and Other Taxes, and Reversals

This section of the Current Provision form provides for the automatic deduction and reversal of regional taxes that are configured to be deductible in the system, as well as manual adjustments for other taxes that are deductible at the national level:

  • Regional Income Taxes—Automated value comes from the Regional Current Provision if the regional deduction is configured to be deductible plus/minus

  • Other Deductible Income Tax—Manual input for other taxes that are deductible at the national level equals

  • Deductible Income Tax