Updating And Reviewing The Current Provision
Tax Provision calculates a national current provision for each entity using the following calculation:
| Calculation | Description |
|---|---|
start with |
net income before tax (NIBT) |
plus |
national income before tax adjustments |
equals |
national taxable income/loss before net operating losses |
plus |
national net operating losses, charitable contribution carryforwards, and long-term capital loss carryforwards |
equals |
national taxable income/loss |
multiplied by |
the national tax rate |
equals |
national current provision |
minus |
national tax credits |
plus |
national additional provision items |
equals |
total national current provision |
Current Provision input app (NA0201)
Use this input app to review and post adjustments to the automated pre-tax income and permanent and temporary difference amounts.
This input app includes Analyze functionality. For more information, see Analyzing data for automation source information.
This input app contains the following symbol in the Elements dimension (across):
GrsCY_ASC — Current Year
Use this column to enter activity during the current year that increases or decreases the gross temporary difference and has an impact on the tax provision.
To update the current provision:
- In the Tax Provision navigation pane, click Data Collection.
- Expand National Annual.
- Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
- Click NA0201 - Current Provision.lvapp. The input app opens in the workspace.
- Expand the TaxIncomeBeforeLoss_ASC — Taxable Income/(Loss) Before Net Operating Losses category, and enter data for the following symbols:
NIBTAdj — Company-specific: Accounts used for company-specific adjustments to net income before tax.
GPxxx — Company-specific Income permanent differences: Company-specific adjustments to GAAP to STAT income permanent differences. Every calculated permanent difference has an associated manual adjustments account. For example, Meals & Entertainment - Adjustment.
GEQPERMxxx — Company-specific Equity permanent differences: Company-specific adjustments to GAAP to STAT equity permanent differences. Every calculated permanent difference has an associated manual adjustments account.
GOCIPERMxxx — Company-specific OCI permanent differences: Company-specific adjustments to GAAP to STAT OCI permanent differences. Every calculated permanent difference has an associated manual adjustments account.
GTxxx — Company-specific: Company-specific GAAP to STAT temporary differences.
SPxxx — Company-specific: Company-specific STAT to Tax income permanent differences.
STEQPERMxxx — Company-specific: Company-specific STAT to Tax equity permanent differences.
STOCIPERMxxx — Company-specific: Company-specific STAT to Tax OCI permanent differences.
STxxx — Company-specific: Company-specific STAT to Tax temporary differences.
OthIncTax — Other Income Taxes: Other income taxes to deduct.
-
Expand the StTemp — STAT to Tax Temporary Differences category and enter data for the following symbols:
Note: The following symbols are used for Canadian tax provisioning purposes only.
-
ST400011 — CCA, Recapture, and Terminal Losses: A tax deduction allowed to be claimed for the use of (owned) capital assets. CCA rates are prescribed by the Canada Revenue Agency. If no assets remain in a particular class:
Terminal Loss - any remaining undepreciated balance (UCC) is deducted from taxable income.
Recapture of CCA - if a credit (negative) balance results in UCC, that credit is added to taxable income.
ST400012 — CECA Deduction (Intangibles): The amount of tax deduction allowed to be claimed for the use of qualified cumulative eligible capital (CEC).
ST400013 — COGPE Claim: The mining-specific Canadian Oil and Gas Property Expense deduction (10%) that can be claimed in order to reduce taxable income.
ST400014 — CDE Claim: The mining-specific Canadian Development Expense deduction (30%) that can be claimed in order to reduce taxable income.
ST400015 — CEE Claim: The mining-specific Canadian Exploration Expense deduction (100%) that can be claimed in order to reduce taxable income.
ST400016 — FEDE Claim: The mining-specific Foreign Exploration and Development Expense deduction that can be claimed by a Canadian resident corporation in order to reduce taxable income.
ST400017 — COGPE Claim - Restricted: A sector-specific CDE treated by tax regulation as COGPE to restrict the deduction claim to 10%.
ST400018 — CDE Claim - Restricted: A sector-specific CEE treated by tax regulation as CDE to restrict the deduction claim to 30%.
ST400019 — CEE Claim - Restricted: A sector-specific CEE phased-in transition to CDE by tax regulation (100% allocated to future years).
ST400020 — Other Claim - Restricted: Tax deductions available for acquisition expenses of oil sands leases.
ST400021 — Other Claim - Restricted: Tax deductions for acquisition of other oil sands resource property.
-
- Expand the TaxIncome_ASC — Taxable Income/(Loss) After Net Operating Losses category and enter data for the following symbols:
CharNC — Charitable Contributions Carryforward - Non-Current: Non-current charitable contributions carried forward from the previous year.
CharCY — Charitable Contributions Carryforward - Current: Current charitable contributions carried forward from the previous year.
LTCapLossNC — Long Term Capital Loss Carryforward - Non-Current: Non-current long term capital losses carried forward from the previous year.
LTCapLossCY — Long Term Capital Loss Carryforward - Current: Current long term capital losses carried forward from the previous year.
NLossCYGA — Net Operating Loss - CY Generated - Adjustment: Manual adjustment for the calculated net operating loss.
NLossCYU — Net Operating Loss - CY Utilized: Utilization of an existing net operating loss carryforward in the current period.
NLossCA — Net Operating Loss - Consolidating Adjustment: Impact of any consolidated level adjustment to net operating losses at the legal entity level.
NLossNC — Net Operating Loss - Non-Current: Any other activity related to net operating losses that are non-current.
SpecDedM — Special Deductions - Manual: Additional deductions not included in income taxes or net operating losses.
- Expand the TaxCrPrmT — Total Tax Credits - Permanent category and enter data for the following symbols:
TaxCrForPrmM — Foreign Tax Credits - Permanent - Manual: Permanent national foreign tax credits.
NatTaxCrForPrmCY — Creditable Foreign Tax Credits - Permanent: Permanent creditable national foreign tax credits.
NatTaxCrForPrmNC — Non-creditable Foreign Tax Credits - Permanent: Permanent non-creditable national foreign tax credits.
TaxCrPrmOth — Other Tax Credits - Permanent - Manual: Other permanent national tax credits.
-
Expand the NatAddCurrentM_ASC — Additional Provision Items - Manual category and enter data for the following symbols:
NatAddCurrentM001_ASC — RAR Adjustment - Current Tax: Use this symbol to enter the Revenue Agent’s Report adjustment that impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM002_ASC — Other Taxes: Use this symbol to enter any other taxes (e.g. capital taxes, foreign taxes) that impact the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM003_ASC — Tax Holiday: Use this symbol to enter the impact of any Tax Holidays from jurisdictions in which there is currently no tax rate or a lower tax rate. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM004_ASC — Stock Based Compensation: Use this symbol to enter any tax impact from Stock Based Compensation or Share Based Payments. This could represent an additional impact to the current income tax expense or a reduction of the current income tax expense for an amount that should impact OCI.
NatAddCurrentM005A_ASC — UTP Tax - Permanent Differences - National: Use this symbol to enter the tax impact from National level Uncertain Tax Positions (UTP) related to permanent differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM005B_ASC — UTP Tax - Temporary Differences - National: Use this symbol to enter the tax impact from National level Uncertain Tax Positions (UTP) related to temporary differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM006_ASC — UTP Interest: Use this symbol to enter the current period interest accrued related to National level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM007_ASC — UTP Penalty: Use this symbol to enter the current period penalties related to National level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM008_ASC —UTP National Tax re: Interest Paid: Use this symbol to enter the current period interest paid related to National level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
- Expand the TaxCrT — Total Tax Credits - Temporary category and enter data for the following symbols:
NatAddCurrentM001_ASC — RAR Adjustment - Current Tax: Use this symbol to enter the Revenue Agent’s Report adjustment that impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM002_ASC — Other Taxes: Use this symbol to enter any other taxes (e.g. capital taxes, foreign taxes) that impact the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM003_ASC — Tax Holiday: Use this symbol to enter the impact of any Tax Holidays from jurisdictions in which there is currently no tax rate or a lower tax rate. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM004_ASC — Stock Based Compensation: Use this symbol to enter any tax impact from Stock Based Compensation or Share Based Payments. This could represent an additional impact to the current income tax expense or a reduction of the current income tax expense for an amount that should impact OCI.
NatAddCurrentM005A_ASC — UTP Tax - Permanent Differences - National: Use this symbol to enter the tax impact from National level Uncertain Tax Positions (UTP) related to permanent differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM005B_ASC — UTP Tax - Temporary Differences - National: Use this symbol to enter the tax impact from National level Uncertain Tax Positions (UTP) related to temporary differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM006_ASC — UTP Interest: Use this symbol to enter the current period interest accrued related to National level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM007_ASC — UTP Penalty: Use this symbol to enter the current period penalties related to National level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
NatAddCurrentM008_ASC — UTP National Tax re: Interest Paid: Use this symbol to enter the current period interest paid related to National level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.
- When you are finished, click Submit.
Current Provision report (NA0201)
Use this report to view the total national current provision. This includes automated pre-tax income and permanent and temporary difference amounts, deductible income taxes, charitable contributions, capital losses, net operating losses, special deductions, tax credits, and additional provisional items. The Elements dimension (across) for the Current Provision contains the GrsCY_ASC symbol, which represents the current period.
Note: For more information on reports, see Working with Reports.
To review the Current Provision:
- In the Tax Provision navigation pane, click Reports.
- Expand National Annual.
- Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
- Click NA0201 - Current Provision.rtp. The report opens in the workspace.
- Review the following values:
Symbol Description Source NIBT — GAAP Net Income/(Loss) Before Tax
Net income before tax.
Automated. Using the net income before tax setup and mapping process, the Longview system populates the current provision by copying the net income before tax from the entity’s income statement in both functional and reporting currencies into the net income before tax row of the current provision. This ensures the starting point of the current provision equals the legal entity’s financial statement pre-tax income. The net income before tax setup and mapping process can also be used to automate the net income before tax adjustments that should be included in the current provision.
NIBTAdjTxx — Company specific
Company-specific net income/(loss) before tax adjustments for situations where the net income before tax needs to be adjusted - such as late adjustments, intercompany transfers, or other - as well as an existing net income before tax adjustment partnership income.
Net income before tax adjustments can be manually input or can be configured to be automated from the general ledger using the net income before tax setup and mapping process. The adjusted net income before tax for the partnership entity flows into the corporate owner entity’s partnership income NIBT adjustment row of the current provision based on its ownership percentage.
NIBTAdjT — GAAP Net Income/(Loss) Before Tax Adjustments
Total GAAP net income/(loss) before tax adjustments.
Total (Sum of NIBTAdjTxx accounts)
RepCurAdjNIBT — Reporting Currency Only Adjustments - NIBT
Adjustments in the reporting currency for any translation differences that may exist between the Tax Provision System and the general ledger or consolidation system.
Automated (Flows from the NIBT Reporting Currency Only Adjustments input app (NA0299))
NIBTAdj — GAAP Net Income/(Loss) Before Tax Adjusted
Total GAAP net income after adjustments before tax.
Total (NIBTAdjxx + RepCurAdjNIBT)
xxx — Company-specific
Company-specific GAAP to STAT permanent differences.
GAAP to STAT permanent differences can be manually input or can be configured to be automated from the general ledger using the Book-Tax Differences editor.
GPerm — GAAP to STAT Permanent Differences
Total GAAP to STAT permanent differences.
Total (Sum of company-specific GAAP to STAT permanent differences)
GEqPerm — GAAP to STAT Equity Permanent Differences
Adjustments to GAAP to STAT Equity permanent differences.
Manual
GOCIPerm — GAAP to STAT OCI Permanent Differences
Adjustments to GAAP to STAT OCI permanent differences.
Manual
xxx — Company-specific
Company-specific GAAP to STAT temporary differences.
GAAP to STAT temporary differences can be manually input or can be configured to be automated from the general ledger using the Book-Tax Differences editor or the Current and Deferred Tax editor.
GTemp — GAAP to STAT Temporary Differences
Total GAAP to STAT temporary differences.
Total (Sum of company-specific GAAP to STAT temporary differences)
NIBT_LS — Local STAT
Total local STAT net income/loss before tax.
Total (NIBTAdj + GPerm + GTemp)
xxx — Company specific
Company-specific STAT to Tax permanent differences.
STAT to Tax permanent differences can be manually input or can be configured to be automated from the general ledger using the Book-Tax Differences editor.
StPerm — STAT to Tax Permanent Differences
Total GAAP to STAT permanent differences.
Total (Sum of all company-specific STAT to Tax permanent differences)
xxx — Company-specific
Company-specific STAT to Tax Equity permanent differences.
STAT to Tax Equity permanent differences can be manually input or can be configured to be automated from the general ledger using the Book-Tax Differences editor.
StEqPerm — STAT to Tax Equity Permanent Differences
Total STAT to Tax Equity Permanent Differences
Total (Sum of all company-specific STAT to Tax equity permanent differences)
xxx — Company-specific
Company-specific STAT to Tax OCI permanent differences.
STAT to Tax OCI permanent differences can be manually input or can be configured to be automated from the general ledger using the Book-Tax Differences editor.
StOCIPerm — STAT to Tax OCI Permanent Differences
Total STAT to Tax OCI Permanent Differences
Total (Sum of all company-specific STAT to Tax OCI permanent differences)
St400011C — CCA, Recapture, and Terminal Losses - Calculated
Automated CCA amount.
Calculated (Equal to the intersection of accounts (UCCClaim + UCCRecap + UCCTermLos) and element CCAClasses_ASC from the Capital Cost Allowance input app (NA0921) * -1)
St400011A — CCA, Recapture, and Terminal Losses - Adjustment
Manual CCA adjustment.
Manual
ST400011 — CCA Recapture, and Terminal Losses
CCA is a tax deduction allowed to be claimed for the use of owned capital assets. CCA rates are prescribed by the Canada Revenue Agency. If no assets remain in Terminal Loss, any remaining undepreciated balance (UCC) is deducted from taxable income. For Recapture of CCA, if a credit (negative) balance results in UCC, that credit is added to taxable income.
Total (St400011C + St400011A)
St400012C — CECA Deduction (Intangibles) - Calculated
Automated CECA amount.
Calculated (Equal to the intersection of account CECClaim and element GrsCY_ASC from the Cumulative Eligible Capital input app (NA0922) * -1)
St400012A — CECA Deduction (Intangibles) - Adjustment
Manual CECA adjustment.
Manual
ST400012 — CECA Deduction (Intangibles)
CECA - Amount of tax deduction allowed to be claimed for the use of qualified cumulative eligible capital (CEC).
Total (St400012C + St400012A)
St400013C — COGPE Claim - Calculated
Automated COGPE amount.
Calculated (Equal to the intersection of account URESClaim and element UResCOGPE_ASC from the CCA Unrestricted Pools input app (NA0924) * -1)
St400013A — COGPE Claim - Adjustment
Manual COGPE adjustment.
Manual
ST400013 — COGPE Claim
COGPE - Mining-specific Canadian Oil and Gas Property Expense deduction (10%) that can be claimed to reduce taxable income.
Total (St400013C + St400013A)
St400014C — CDE Claim - Calculated
Automated CDE amount.
Calculated (Equal to the intersection of account URESClaim and element UResCDE_ASC from the CCA Unrestricted Pools input app (NA0924) * -1)
St400014A — CDE Claim - Adjustment
Manual CDE adjustment.
Manual
ST400014 — CDE Claim
CDE - Mining-specific Canadian Development Expense deduction (30%) that can be claimed to reduce taxable income.
Total (St400014C + St400014A)
St400015C — CEE Claim - Calculated
Automated CEE amount.
Calculated (Equal to the intersection of account URESClaim and element UResCEE_ASC from the CCA Unrestricted Pools input app (NA0924) * -1)
St400015A — CEE Claim - Adjustment
Manual CEE adjustment.
Manual
ST400015 — CEE Claim
CEE - Mining-specific Canadian Exploration Expense deduction (100%) that can be claimed to reduce taxable income.
Total (St400015C + St400015A)
St400016C — FEDE Claim - Calculated
Automated FEDE amount.
Calculated (Equal to the intersection of account URESClaim and element UResFED_ASC from CCA Unrestricted Pools input app (NA0924) * -1)
St400016A — FEDE Claim - Adjustment
Manual FEDE adjustment.
Manual
ST400016 — FEDE Claim
FEDE - Mining-specific Foreign Exploration and Development Expense deduction that can be claimed by a Canadian resident corporation to reduce taxable income.
Total (St400016C + St400016A)
St400017C — COGPE Claim - Restricted - Calculated
Automated COGPE amount.
Calculated (Equal to the intersection of account ResClaim and element ResCOGPE_ASC from the CCA Restricted Pools input app (NA0923) * -1)
St400017A — COGPE Claim - Restricted - Adjustment
Manual COGPE adjustment.
Manual
ST400017 — COGPE Claim - Restricted
Sector-specific CDE treated by tax regulation as COGPE to restrict deduction claim to 10%.
Total (St400017C + St400017A)
St400018C — CDE Claim - Restricted - Calculated
Automated CDE amount.
Calculated (Equal to the intersection of account ResClaim and element ResCDE_ASC from the CCA Restricted Pools input app (NA0923) * -1)
St400018A — CDE Claim - Restricted - Adjustment
Manual CDE adjustment.
Manual
ST400018 — CDE Claim - Restricted
Sector-specific CEE treated by tax regulation as CDE to restrict deduction claim to 30%.
Total (St400018C + St400018A)
St400019C — CEE Claim - Restricted - Calculated
Automated CEE amount.
Calculated (Equal to the intersection of account ResClaim and element ResCEE_ASC from the CCA Restricted Pools input app (NA0923) * -1)
St400019A — CEE Claim - Restricted - Adjustment
Manual CEE adjustment.
Manual
ST400019 — CEE Claim - Restricted
Sector-specific CEE phased-in transition to CDE by tax regulation (100% allocated to future years).
Total (St400019C + St400019A)
St400020C — Other Claim - Restricted - Calculated
Automated other claim amount.
Calculated (Equal to the intersection of account ResClaim and element ResOth1_ASC from the CCA Restricted Pools input app (NA0923) * -1)
St400020A — Other Claim - Restricted - Adjustment
Manual other claim adjustment.
Manual
ST400020 — Other Claim - Restricted
Tax deductions available for acquisition expenses of oil and sands leases.
Total (St400020C + St400020A)
St400021C — Other Claim - Restricted - Calculated
Automated other claim amount.
Calculated (Equal to the intersection of account ResClaim and element ResOth2_ASC from the CCA Restricted Pools input app (NA0923) * -1)
St400021A — Other Claim - Restricted - Adjustment
Manual other claim adjustment.
Manual
ST400021 — Other Claim - Restricted
Tax deductions for acquisitions of other oil sands resource property.
Total (St400021C + St400021A)
StDep — Depreciation
Total depreciation.
Total (ST400011 + ST400012 + ST400013 + ST400014 + ST400015 + ST400015 + ST400016 + ST400017 + ST400018 + ST400019 + ST400020 + ST400021)
xxx — Company specific
Company-specific STAT to Tax temporary differences.
STAT to Tax temporary differences can be manually input or can be configured to be automated from the general ledger using the Book-Tax Differences editor or the Current and Deferred Tax editor.
StTemp — STAT to Tax Temporary Differences
Total GAAP to STAT temporary differences.
Calculated (Sum of company-specific STAT to Tax temporary differences)
RegIncTax — Regional Income Taxes
Regional income taxes.
Automated (Flows from the Current Provision input app (RA0201). Calculated equal to -1 * RegCPT — Total Regional Current Provision if the regional deduction is configured to be deductible. If the regional provision is set to not deductible, this value is zero.)
OthIncTax — Other Income Taxes
Other taxes that are deductible at the national level.
Manual
DedIncTax — Total Deductible Income Taxes
Total deductible income taxes.
Total (RegIncTax - OthIncTax)
TaxIncomeBeforeLoss_ASC — Taxable Income/(Loss) Before Net Operating Losses
Total taxable income/loss before net operating losses.
Total (NIBT_LS + (DedIncTax + StTemp + StPerm))
CharNC — Charitable Contributions Carryforward - Non-Current
Non-current charitable contributions carried forward from the previous year.
Manual
CharCY — Charitable Contributions Carryforward - Current
Current charitable contributions carried forward from the previous year.
Manual
CharT — Total Charitable Contributions Carryforward
Total charitable contributions carried forward.
Total (CharNC + CharCY)
LTCapLossNC — Long Term Capital Loss Carryforward - Non-Current
Non-current long term capital losses carried forward from the previous year.
Manual
LTCapLossCY — Long Term Capital Loss Carryforward - Current
Current long-term capital losses carried forward from the previous year.
Manual
LTCapLossT — Total Long Term Capital Loss Carryforward
Total long term capital loss carryforward.
Total (LTCapLossNC + LTCapLossCY)
NLossCYGC — Net Operating Loss - CY Generated - Calculated
The value in this account is equal to TaxIncomeBeforeLoss_ASC * -1 if:
you have indicated that the loss automation should apply to this legal entity and the taxable income before loss is negative (the entity is in a loss position)
or
you have indicated that the loss automation should apply to this legal entity, and the legal entity grouping to which this entity belongs is defined to be in a loss position
Otherwise, this account is used for the automated net operating loss adjustment.
Calculated (TaxIncomeBeforeLoss_ASC * -1)
NLossCYGA — Net Operating Loss - CY Generated - Adjustment
Manual adjustment for the calculated net operating loss.
Manual
NLossCYGT — Net Operating Loss - CY Generated - Total
Total net operating loss.
Total (NLossCYGC + NLossCYGA)
NLossCYU — Net Operating Loss - CY Utilized
Utilization of an existing net operating loss carryforward in the current period.
Manual
NLossCA — Net Operating Loss - Consolidating Adjustment
Impact of any consolidated level adjustment to net operating losses at the legal entity level.
Manual
NLossNC — Net Operating Loss - Non-Current
Any other activity related to net operating losses that are non-current.
Manual
NLossT — Total Net Operating Loss
Total net operating losses
Total (NLossCYGT + NLossCYU + NLossCA + NLossNC)
SpecDedM — Special Deductions - Manual
Special deductions.
Manual
TaxIncome_ASC — Taxable Income/(Loss) after Net Operating Losses
Total taxable income/loss after net operating losses.
Total (TaxIncomeBeforeLoss_ASC + CharT + LTCapLossT + NLossT + SpecDedM)
NATCYR — National Tax Rate
The national tax rate for the current year.
Automated (Flows from the Tax Rates input app (XNC0201 or XNC1201))
NatCurrent_ASC — National Current Provision
National current provision.
Automated (Calculated as TaxIncome_ASC * NATCYR)
TaxCrForPrmM — Foreign Tax Credits - Permanent - Manual
Permanent national foreign tax credits.
Manual
NatTaxCrForPrmCY — Creditable Foreign Tax Credits - Permanent
Permanent creditable national foreign tax credits.
Manual
NatTaxCrForPrmNC — Non-creditable Foreign Tax Credits - Permanent
Permanent non-creditable national foreign tax credits.
Manual
TaxCrPrmForT — Foreign Tax Credits - Permanent
Total permanent foreign tax credits.
Total
TaxCrPrmOth — Other Tax Credits - Permanent - Manual
Other permanent national tax credits.
Manual
TacCrPrmT — Total Tax Credits - Permanent
Total permanent tax credits.
Total
TaxCrForC — Foreign Tax Credits - Automated
Automated foreign tax credits used to offset the double taxation resulting from the branch tax provisions.
Automated (Calculated as -1 * NatCurrent_ASC from the Branch entity)
TaxCrForM — Foreign Tax Credits - Manual
Manual adjustments to the automated calculation of foreign tax credits.
Manual
NatTaxCrForCY — National Foreign Tax Credits - Current
Current impact of national foreign tax credits.
Manual
NatTaxCrForNC — National Foreign Tax Credits - Non-current
Non-current impact of national foreign tax credits.
Manual
TaxCrForT — Foreign Tax Credits - Total
Total foreign tax credits.
Total (TaxCrForC + TaxCrForA + NatTaxCrForCY + NatTaxCrForNC)
TaxCrAMT — US Alternative Minimum Tax
US Alternative Minimum Tax (AMT).
Manual
GenBusCr — General Business Credits
General business credit.
Manual
TaxCrOth — Other Tax Credits
Other tax credits.
Manual
TaxCrT — Total Tax Credits
Total tax credits.
Total (TaxCrForT + TaxCrAMT + GenBusCr + TaxCrOth)
NatAddCurrentM001_ASC — RAR Adjustment - Current Tax
Revenue Agent’s Report adjustment that impacts the current tax provision and Effective Tax Rate report.
Manual
NatAddCurrentM001b_ASC — RAR Discrete Reversal - Current Tax
Revenue Agent’s Report reversal amount.
Automated (Calculated as NatAddCurrentM001_ASC for element GrsCYIP_ASC * -1)
NatAddCurrentM001T_ASC — RAR Adjustment Total - Current Tax
Total RAR Adjustment
Total (NatAddCurrentM001_ASC + NatAddCurrentM001b_ASC)
NatAddCurrentM002_ASC — Other Taxes
Other taxes (e.g. capital taxes, foreign taxes) that impact the current tax provision and Effective Tax Rate report.
Manual
NatAddCurrentM003_ASC — Tax Holiday
Impact of any Tax Holidays from jurisdictions in which there is currently no tax rate or a lower tax rate.
Manual
NatAddCurrentM004_ASC — Stock Based Compensation
Tax impact from Stock Based Compensation or Share Based Payments. This could represent an additional impact to the current income tax expense or a reduction of the current income tax expense for an amount that should impact OCI.
Manual
NatAddCurrentM005A_ASC — UTP Tax - Permanent Differences - National
Tax impact from National level Uncertain Tax Positions related to permanent differences.
Manual
NatAddCurrentM005B_ASC — UTP Tax - Temporary Differences - National
Tax impact from National level Uncertain Tax Positions related to temporary differences.
Manual
NatAddCurrentM005T_ASC — UTP Tax - National
Uncertain Tax Position Tax National total.
Total (NatAddCurrentM005A_ASC + NatAddCurrentM005B_ASC)
NatAddCurrentM006_ASC — UTP Interest
Current period interest accrued related to National level Uncertain Tax Positions.
Manual
NatAddCurrentM007_ASC — UTP Penalty
Current period penalties related to National level Uncertain Tax Positions.
Manual
NatAddCurrentM008_ASC — UTP National Tax re: Interest Paid
Current period interest paid related to National level Uncertain Tax Positions.
Manual
RepCurAdjCurrent — Reporting Currency Only Adjustment - Current
Adjustments in the reporting currency for any translation differences that may exist between the Tax Provision System and the general ledger or consolidation system.
Automated (Flows from the Reporting Currency Only Adjustments input app (NA0599))
NatAddCurrentM_ASC — Additional Provision Items - Manual
Total additional provision items entered manually.
Total (NatAddCurrentM001_ASC + NatAddCurrentM002_ASC + NatAddCurrentM003_ASC + NatAddCurrentM004_ASC + NatAddCurrentM005T_ASC + NatAddCurrentM006_ASC + NatAddCurrentM007_ASC + NatAddCurrentM008_ASC + RepCurAdjCurrent)
NatAddCurrentS001_ASC — Return to Provision - Current Tax Expense
Return to Provision - Current Tax Expense.
Automated (Flows from the Return to Provision input app (NA0101), from the intersection of account NatCPT and element GrsRPA_ASC)
NatAddCurrentS002_ASC — Deferred Adjustments - Impact both Current and Deferred
Deferred adjustments that impact both the current and deferred provision.
Automated (Flows from the intersection of account DEFTAX_ASC and element NETNCYOTHCURDFD_ASC in the deferred tax report)
NatAddCurrentS003_ASC — Rate Differential For Temporary Differences
Rate Differential for Temporary Differences resulting from the use of override rates.
Automated. Calculated as the difference between the tax affected amounts using the Current Year National rate from the Tax Rates input app (XNC0201 or XNC1201) and the tax affected amounts actually calculated in the system. This includes override rates from Override Tax Rates input app (XNC0205 or XNC1205). If the override rates are zero then NatAddCurrentS003_ASC is zero, but when override rates are used, there is a differential in NatAddCurrentS003_ASC.
For more information on override rates, see the Longview Tax Administrator’s Guide.
NatAddCurrentS005_ASC — Transfers - Impact both Current and Deferred
Transfers (that impact both current and deferred provision).
Automated (Flows from the intersection of account DEFTAX_ASC and element NETNTrfrCURDFD_ASC in the deferred tax report)
NatAddCurrentS_ASC — Additional Provision Items - System
Total additional provision items calculated by the system.
Total (NatAddCurrentS001_ASC + NatAddCurrentS002_ASC + NatAddCurrentS003_ASC + NatAddCurrentS005_ASC)
AddPrv_ASC — Additional Provision Items
Total additional provision items.
Total (NatAddCurrentM_ASC + NatAddCurrentS_ASC)
NatCPT — Total National Current Provision
Total national current provision.
Total (NatCurrent_ASC + TaxCrT + AddPrv_ASC)
Current Provision - Equity input app (NA0202)
If you are using the Income/Equity/OCI setting, you can use this input app to enter activity during the year that impacts the gross temporary difference but not the current provision.
Note: For more information on reports, see Working with Reports.
This input app includes Analyze functionality. For more information, see Analyzing data for automation source information.
This input app contains the following symbols in the Elements dimension (across):
ISEQCAT — Income, Equity, or OCI
Specifies whether the account is classified as Income, Equity, or OCI.
GrsNPOth_ASC — Non-Provision - Equity
Use this column to enter activity during the year that increases or decreases the gross temporary difference but does not have an impact on the tax provision (the impact is to an account other than the income statement, such as Goodwill).
GrsNPOCI_ASC — Non-Provision - OCI
Use this column to enter activity during the year that increases or decreases the gross temporary difference and impacts other comprehensive income. Values in this column do not impact the tax provision.
To update the current provision - equity and other comprehensive income:
- In the Tax Provision navigation pane, click Data Collection.
- Expand National Annual.
- Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
- Click NA0202 - Current Provision - Equity.lvapp. The input app opens in the workspace.
- Enter the equity and OCI temporary difference movements for the appropriate accounts. For more information on the accounts in this input app, see Current Provision input app (NA0201).
- When you are finished, click Submit.