1.3.1.2 Linking a tax scheme to Syndication Loan Products

A tax scheme is linked to syndication loans products through the Tax Details sub-screen of Loans Syndication - Facility Product Definition, Loans Syndication - Borrower Product Definition and Participant Product Definition screens. The tax scheme linked is applicable on a contract processed under the product, only if tax is applicable to the product, which is captured in Preferences sub-screen. However, you have the option of waiving the application of tax, for a specific contract.