The main dialogue Company is used to calculate current and deferred taxes. Electronic tax return can also be sent to the tax office from this GTC area. The figure below demonstrates the workflow in the Company area. Individual dialogues are described later in this manual.
Fig. 57: Workflow between individual dialogues in the 'Company' main dialogue
B/S comparison [1]
Use 'B/S comparison' tab to calculate deferred taxes arising from temporary differences. Stocks and corresponding profit and loss statement impacts are summarised in the Summary dialogue.
Asset differences between local balance and local tax balance sheet lead to calculation of tax profit differences. This difference appears in the dialogue Current Taxes / KSt 1 A / Einkünfte / Report StB as a proposed value [represented by a dashed line].
Current taxes [2]
This dialogue is used for calculation of current income taxes, either as a shortened dialogue or together with form dialogues [Anlage A etc.]. The calculated taxable income appears as a proposed value [represented by a dashed line] in the LCF dialogue in the event of loss. In addition, the dialogue shows tax rate reconciliation effects [tax-free dividends, non-deductible expenses, etc.] for the TRR dialogue.
Tax loss carry forward [3]
Inventory management of tax loss carry forward [corporation tax, trade tax, capital gains, German Interest Capping Rule / Other]. In case of recoverability of deferred taxes the calculation of deferred taxes takes place. In case of non-recognition the corresponding effect will be taken into account as TRR reconciliation item in the TRR dialogue.
Summary [4]
Users cannot enter data in this area. This distinguishes this dialogue from other areas represented here. This dialogue contains the summary of deferred taxes; current taxes are not shown here. The dialogue can be used as posting template.
Other disclosures [5]
Adjustments of previous periods or detection of true-up effects is carried out in the Other Disclosures dialogue. It ensures that the GTC also takes into account specific circumstances.
TRR [6]
TRR checks the calculation of current and deferred taxes. The TRR dialogue contains links to other dialogues in the main area Company.
In addition to the mentioned dialogues, the main area Company also contains Reports [e.g. Report DT] and tax forms.
Calculation of taxes is carried out in the local currency of every company.