You use this report to generate an annual declaration of taxable income in accordance with local legal requirements. In Kuwait, corporate income tax is not levied against companies that are wholly owned by Kuwaiti or Gulf Cooperation Council (GCC) citizens or corporations. However, corporate income tax is levied against foreign companies engaged in commercial activities in the country, either through direct ownership or as shareholders or partners of Kuwaiti and GCC companies. The tax is levied according to the extent of foreign ownership. This report generates a taxable income statement in accordance with these requirements.
You have made the settings described in Customizing for Statutory Reports
You have defined the financial statement version used for this report in Customizing for Financial Accounting (New)
, under
This report comes with the example financial statement version BAKW
. You can use this version or define your own in customizing.
On the selection screen, you enter the selection parameters for which the report should be run and make the specific report selections that determine the content of the output. Through the buttons External Figures
and Previous Losses
at the top of the selection screen you make manual entries for values that are not drawn from the specified financial statements.
In External Figures
you select the line number configured for manual entry and input the year, period, amount and currency. In Previous Losses
, you manually enter losses or profits that are carried over into the year for which you are running the report. You enter the year of the loss or profit followed by the amount, currency and a text description or comment.
Note
The report only includes one previous year of losses or profits carried forward. A loss or profit from two years prior will not be included in the output.
Select the Output Type
as ALV Display
to view the results of the report before you print or generate a PDF. In Other Parameters for Output,
you use the Form Version
to determine the language of the PDF output.
Note
If you select a form version that is not assigned to this report in the Customizing activity Assign PDF Forms to Reports
then the results will be incorrect.
To access this report on the SAP Easy Access
screen, choose , KW_TAXDECL