1.7.2 Define Issuer Taxes as Classes

An issuer tax can be levied on the coupon paid, or on a cash dividend. The issuer of a security determines the tax. To process the tax levied on a security, you have to maintain Issuer Tax classes.

1. On Treasury Tax Class Maintenance screen, click Issuer Tax.
   Issuer Tax details displays.

   Figure 1-8 Treasury Tax Class Maintenance

   
   Description of "Figure 1-8 Treasury Tax Class Maintenance"

   Note:

   It is not necessary to associate tax rules to an Issuer Tax class. For an Issuer Tax component, you only have to furnish the following details:

   • The Association Event
   • The Basis Amount
   • The Rate Code
   • Other operational controls
2. Click the Exit button to close the screen.