Temporary tax differences can occur if expenses or revenues generate a profit in one reporting period and a taxable base in the next reporting period, resulting in a deferred tax on profits. These temporary differences are classified as deductible or taxable, depending on their impact on taxable profits. Deferred tax on profit is handled as a deferred tax asset or a deferred tax liability.

  1. Click General ledger> Setup> Profit tax> Registers.

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

  3. In the Register typefield, select Calculation of temporary tax differences.

  4. In the Register codefield, enter an identification code for the register.

  5. In the Register namefield, modify the name of the register, if necessary.

  6. In the Period typefield, select the type of time period for which the register is created.

  7. Click the Hidetab, and move any fields that you want to hide in the register from Available fieldsto Selected fields.

  8. In Selected fields, select the check box for the register fields to be hidden.

  9. Click General ledger> Setup> Profit tax> Register parametersto set up additional parameters for the register.

  10. In the Register namefield, select Calculation of temporary tax differences.

  11. In the Type of fixed assetfield, select the asset type under which the register is created. If you do not specify the value of the parameter, the register is created in accordance with all amortized groups of fixed assets.

  12. In the Tax code for FA depreciationfield, select the tax code that is used when calculating the expenses for depreciating the fixed assets.

  13. In the Depreciation groupsfield, select a fixed asset for the taxation group under which the register is created. If you do not specify the value of the parameter, the register is created in accordance with all amortized groups of fixed assets and intangible assets.

    Note Note

    If you specify more than one value, separate the values with commas.


  14. In the Deferrals groupsfield, select the deferral group under which the register is created. If you do not specify the value of the parameter, the register is created in accordance with all deferrals groups. If necessary, specify several values and separate them with commas.

  15. Press CTRL+S or close the form.

See Also