Printing tax reports
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Select the “Print Tax Reports” activity under the “AP - Statutory Extensions” business component.
The “Print Tax Reports” page appears.
Enter the following fields:
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Tax Report Run # |
A unique number, generated in sequential order, identifying each tax report. |
The system displays following:
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Status |
The status of the tax report, which could be “Active”, In “Progress” or “Processed”. |
Enter the following fields:
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Financial Year |
Use the drop-down list box to select the code identifying the financial year for which you want to print tax report. The system lists all the financial years defined for the finance books mapped to the selected business unit in the chronological order. The system displays the current financial year by default in this field. |
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Financial Period |
Use the drop-down list box to specify the period corresponding to the year selected for which you wish to print tax report. The system lists all the financial periods that have been defined for the selected year in the chronological order. The system defaults the last completed financial period by default in this field. |
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Tax Type |
Use the drop-down list box to select the type of tax based on which you wish to print tax report. The system lists the options:
By default the system displays “Value Added Tax” in this field. |
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Report Type |
Use the drop-down list box to select the report type based on which to wish to print tax report. By default the system displays “All”. Note that you can click the ink "View Doc. Attachments" to view the tax reports generated. |
Click the “Generate Report” pushbutton to generate a tax report.
The system performs the following:
4 Initiates the scheduler for generating the reports if tax type is WHT.
4 Updates the status of the tax report run # as “In Progress” when the schedule is running.
4 Updates the status of the tax report run # as “Processed” when the schedule run is completed.
4 Updates the status of the tax report as “Processed” if the tax type is “VAT”.
4 Updates the status of the tax report as “Active” if the tax type is “WHT”
To proceed, carry out the following:
Select the “View Doc. Attachments” tab to view the tax reports generated.
4 Recording of transaction with Tax information.