Reporting to the Tax Authority 

You are required to create an advance return for tax on sales/purchases on a regular basis, and to do this you can make use of the various country-specific programs in the system.

To credit the tax accounts, you must transfer the tax amounts to a tax payable account by:

·        Creating the postings using the program for the advance return for tax on sales/purchases

·        You post the tax amounts to a tax payable account manually, using the Post Tax Payable function.

For more information on this subject, see FI - Closing and Reporting documentation.