You must set up the assessed tax parameters in the General ledger and Fixed asset modules before calculating the property tax register.

Set up property tax codes

  1. Click General ledger> Setup> Sales tax> Sales tax codes.

  2. Press CTRL+N to create a new record.

  3. In the Sales tax codefield, enter a sales tax code for property tax.

  4. In the Settlement periodfield, select the settlement period.

  5. In the Ledger posting groupfield, select the ledger posting group.

  6. Click the Generaltab and, in the Type of taxfield, select Assessed tax.

  7. Click Valuesand, in the Valuefield, enter the tax rate.

  8. Press CTRL+S or close the form.

Note Note

For more information, see "Create various kinds of sales tax codes" in the Applications and Business Processes Help.

Set up tax benefit codes for assessed tax

  1. Click Fixed assets> Setup> Tax accounts> Tax allowances.

  2. Press CTRL+N to create a new record.

  3. In the Privilegefield, enter the benefit code for assessed tax.

  4. In the Benefit typefield, select the tax benefit type.

  5. In the Privilege valuefield, enter the privilege value.

  6. Press CTRL+S or close the form.

Note Note

For more information, see (RUS) Set up tax benefit codes.

Set up an accounting group for assessed tax postings

  1. Click Fixed assets> Setup> Tax accounts> Ledger posting groups of taxes.

  2. Press CTRL+N to create a new record.

  3. In the Ledger posting groupfield, select a group for posting taxes into the ledger accounts.

  4. In the Account for asset taxfield, select an account for the assessed tax.

  5. Press CTRL+S or close the form.

Note Note

For more information, see (RUS) Set up groups for posting fixed assets taxes.

Set up the budget revenue codes for assessed tax

  1. Click Bank> Setup> Payment order> Budget revenue classification.

  2. Press CTRL+N to create a new record.

  3. In the Budget revenue codefield, enter the budget revenue code for the assessed tax.

  4. Select the SSGScheck box if the budget revenue code belongs to the Standard System of Gas Supply (SSGS).

  5. Press CTRL+S or close the form.

Note Note

For more information, see (RUS) Set up budget revenue codes for fixed asset taxes.

Set up tax correspondence for the assessed tax

  1. Click Fixed assets> Setup> Tax accounts> Sales tax relations.

  2. Press CTRL+N to create a new record.

  3. In the Type of taxfield, select Assessed tax.

  4. In the Codefield, select the sales tax code for the assessed tax.

  5. In the Budget revenue codefield, select the budget revenue code that corresponds to the selected tax code.

  6. Press CTRL+S or close the form.

Note Note

For more information, see (RUS) Set up the tax correspondence with the budget revenue codes.

Set up the name for the assessed tax transaction journal

  1. Click General ledger> Setup> Journals> Journal names.

  2. Press CTRL+N to create a new journal name for assessed tax transactions.

  3. In the Namefield, enter a name for the assessed tax transactions journal.

  4. In the Journal typefield, select the journal type Assessed tax.

  5. In the Voucher seriesfield, select a number sequence code for the journal.

  6. Press CTRL+S or close the form.

Note Note

For more information, see (RUS) Set up the name for fixed asset tax transactions journals.

Set up Fixed asset module parameters

  1. Click Fixed assets> Setup> Parameters.

  2. Click the Tax accountstab and, under the Assessed taxfield group, select the tax code for assessed tax in the Sales tax codefield.

  3. In the Compressionfield, select the level of compression for assessed tax transactions.

  4. Press CTRL+S or close the form.

  5. Click Fixed assets> Common Forms> Fixed assetsto open the Fixed assetsform.

  6. Press CTRL+N to create a new record, and enter the required fields.

  7. In the FA groupfield, select the asset group for the asset.

  8. Click the Generaltab and, in the Typefield, select Tangibleif the fixed asset is real property.

  9. In the Property flagfield, specify if the fixed asset is owned, leased, under operational management, or if the ownership of the asset is outside Russia.

  10. Click the Tax accountstab and, in the Sales tax codefield, select the assessed tax code. By default, this field displays the value that is specified in the Fixed Asset Parametersform.

  11. In the Exemption from taxfield, select the tax benefit code that indicates that the asset is exempt from tax.

  12. In the Assessed typefield, select the type of the property from the following options:

    • 1- SSGS real property asset.

    • 2- Real property asset of a Russian company, factually located on the territories of various constituent entities of the Russian Federation.

    • 3- Other cases.

    Note Note

    If you do not specify a type, this field defaults to type 3. The assessed tax declaration and the method used to calculate the advance payment depend on the value of this field. If the fixed asset is outside the Russian Federation, then, regardless of the type specified in the Assessed typefield, an additional printout of section 2 of the declaration, with the property marked as type 4, will be produced.

  13. Click Othersto open the Distributionform.

    Note Note

    This option is available only if you select 1or 2in the Assessed typefield.

  14. In the Locationfield, select the location code of the outside type.

  15. In the Sales tax codefield, select the tax code if the tax assessment for the asset is performed at a rate other than the default rate for that location, or if the tax code is connected to a different budget revenue code.

  16. In the Distributed sharefield, enter the book value of the share of the real property in a proper fraction. The Percentagefield displays the distribution percent.

  17. In the Ownerfield, enter the name of the owner.

    Note Note

    If this field is not entered, the share listed in this line is considered as owned property.

  18. Press CTRL+S or close the form.

See Also