2 Welcome to Tax Reporting

Tax Reporting is a comprehensive tax solution that enables you to calculate, report on, and approve current and deferred taxes at federal and local levels using financial data, to meet standards such as US GAAP, and IFRS reporting.

Tax Reporting provides out-of-the-box forms, logic, provision packages, workflow, and analysis dashboards that let you source, calculate, manage, and approve your tax provision, and prepare CbCR (Country by Country) reporting.

You can define sequential and logically grouped tasks for all tax preparation activities, such as reviewing permanent adjustments, temporary differences, and effective tax rates.

  • Use the National Tax Provision package to:
    • Use the dashboards to view current and prior year tax expenses for your entities, and view statutory and effective tax rates.
    • Use entity specific provision packages to determine current and future tax expense and liability.
  • Use the Statutory Effective Tax Rate analysis in a national or regional provision package to identify the effective rate of tax paid on your pre-tax profits.
  • Regional Provision is used to determine and analyze existing and deferred tax requirements for a particular US state, or province.
  • Use Deferred Tax to view future expenses and liabilities. You can drill down on closing balance to access additional details including current year movement, and return to accrual adjustments.
  • Review your priorities and workload by looking at Tasks.
  • The approval units that reflect your business legal entity hierarchy enable tax controllers and members of corporate finance to review and approve submitted tax provision packages at the legal entity and consolidated level. In a multinational business, some jurisdictions may provide for tax filings at a combined level, requiring review and approval at an aggregate level.
  • Use CbCR reporting to analyze your tax expense across jurisdictions, including factors such as return on equity, and revenue by employee.

Watch this video for a tour of Tax Reporting: Video icon: Overview: Tour of Tax Reporting Cloud.


Your administrator can customize the application - including connections and functionality from other Cloud business processes- so your functionality may be different than described in this guide. See Navigating Across EPM Cloud Business Processes.