Tax Group

This Model Table function is used to provide information about the company that is sending the tax and the one receiving it. It also specifies the percentage of the tax transfer.

The function defines the following fields:

• Scenario: You use this field to maintain different data set scenarios.

• Fiscal Year: You use this field to define the year used for financial reporting and budgeting.

• Posting Period: You use this field to maintain accounting periods that are open for posting. All closed periods are balanced. This field is used in the sample content for opening and closing the periods in the fiscal year for posting purposes.

• Company Code: This field can have different values as tax calculation and reporting is executed at entity level. The field is also available in reporting, with the option to show calculation results at group level.

• Partner Company: You use this field to define the company that is receiving the tax obligation amount in tax transferring calculation.

• Tax Transfer Factor [%]: You use this field to define the tax base that is going to be transferred along the company hierarchy during tax calculation.