Maintain Tax Year

Select the “Maintain Tax Year” activity under the “Statutory Master Definition” business component.

The “Maintain Tax Year” page appears.

Note: Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following details

Statutory Setup Unit	The name of the statutory setup unit for which the tax year must be defined.
Country	Use the drop-down list box to select the country for which the tax year must be defined.

Enter the following details in the “Search Criteria” group box:

Year Type	Use the drop-down list box to select the type of tax year.
Year Code	A unique code to identify the tax year.
Year Short Description	A brief and unique description to identify a tax year.
Year Long Description	The full description of the tax year. For example, if you have identified the tax code as “Tyr002”, you can enter “TxYr.” as the short description and “Tax year” as the long description
From Date	The date from the tax year begins.
To Date	The date on which the tax year ends.

Click the “Search” pushbutton to retrieve the search results in the multiline.
Enter the following details:

Year Type	Use the drop-down list box to select the type of tax year.
Year Code	A unique code to identify the tax year.
Year Short Description	A brief and unique description to identify a tax year.
Year Long Description	The full description of the tax year.
From Date	The date from the tax year begins.
To Date	The date on which the tax year ends.
Inactive	Use the drop-down list box to specify whether to activate or deactivate the tax year record. The combo is loaded with the following options Active - The created tax year record will be available for use. Inactive - The created tax year record will remain in the database but will not be available for use until it is activated again.

Note that the tax year must have a start date and an end date. The tax years must be continuous i.e. the start date of the tax year must be the next day of the previously ended tax year. For example, if current Tax Year is 01.04.2001 to 31.03.2002, the next Tax Year defined must be 01.04.2002 to 31.03.2003.

Click the “Save” pushbutton to save the details specified and refreshes the page with the saved details.