Overview of Transaction Tax Reports

The Prepare Transaction Tax Reports activity helps you complete tax return processing, tax auditing and reconciliation. It provides you with operational, business, and reconciliation reports for tax activities associated with buying and selling of goods and services.

Tax reports support the following business functions:

• Tax reporting

• Tax auditing

• Tax reconciliation

• Tax planning

You can generate reports with comprehensive transaction information to create tax reports required by tax authorities and meet the internal reporting needs of the organization.

The following tax reports are provided:

• Tax Register

• Financial Tax Register

• Tax Reconciliation Report

• Tax Reconciliation by Taxable Account Report

• Tax Audit Trail Report

• Interim Tax Register

• Tax Allocations Listing Report

• Tax Allocation Exception Report

• Tax Box Return Preparation Report

• Sales Tax Report

Tax reporting is integrated with Oracle Fusion Tax. The main components of tax reporting solution are:

• Centralized transaction tax reporting through the Tax Reporting Ledger

• Common data models on which user-defined and specialized tax reports are prepared