During system setup and implementation, or as your business expands, you will add and configure entities and jurisdictions. Before you begin to configure entities, you must first configure the associated currencies and jurisdictions. Jurisdictions define the principal place of business for each legal entity and categorize the provision for income tax at a national or regional level.
In this learning path, assume that your business is expanding into India. Assume further that your business in Switzerland is expanding into Zurich. To set up this information in Tax Reporting, you will:
Configure the information for India:
Configure the information for Zurich:
After you configure the information for India and Zurich, you will view valid jurisdiction and entity combinations and view tax automation rules.
Tax Reporting offers you the option to create a sample application that provides pre-loaded metadata, data, and related artifacts. By trying and testing this ready-to-use environment, you can explore the capabilities and performance of Tax Reporting, and then use the sample application as a reference to more easily model your own business process using your metadata and data.
This learning path walks you through configuring entities and jurisdictions using the data in the the sample application. To complete the learning path, you can create the sample application, or you can follow along in your own application.
Review this topic for information on how to create a sample application.
Take a few minutes to review the following videos to see the highlights of Tax Reporting:
Review these topics to learn more about the Jurisdiction dimension and creating a national jurisdiction:
Review this topic to learn more about adding currencies:
Review these topics to learn more about creating and configuring entities and refreshing the database:
Review the following topic for more information on data status and validation:
Review these topics to learn more about the Jurisdiction dimension and creating a regional jurisdiction:
Review this topic for more information on refreshing the database after configuring jurisdictions and entities:
Review this topic for more information on valid intersections:
Review this topic for more information on tax automation:
Tax Reporting has the following additional learning paths:
For complete Tax Reporting documentation, review the cloud help center for EPM Cloud Tax Reporting: