Include income tax in one note

To include income tax in one note:

  • Click Reports > Options > Setup
  • Set Placement - Include income tax in one note to On
  • All sections will be in the Income tax note

 

The following notes will turn off (they can be turned back on via Sections > Notes):

  • Income tax refund due
  • Deferred tax asset
  • Provision for income tax
  • Deferred tax liability

 

It is suggested to use this option when flipping between a net deferred tax asset and liability between the current and comparative periods.

 

 

Deferred tax

To change 'Deferred tax - origination and reversal of temporary differences':

  • Click Reports > Options > Setup
  • Select the required option from Other disclosures - Income tax - link from deferred tax

 

The following options are available:

  • Yes - With breakdown by asset/liability: this will disclose both the calculated 'Deferred tax - origination and reversal of temporary differences' row and a breakdown by deferred tax asset and deferred tax liability
  • Yes - Total only: this will disclose only the calculated 'Deferred tax - origination and reversal of temporary differences' row
  • No - With breakdown by asset/liability: this will disclose both the manual 'Deferred tax - origination and reversal of temporary differences' row and a breakdown by deferred tax asset and deferred tax liability
  • No - Total only: this will disclose only the manual 'Deferred tax - origination and reversal of temporary differences' row

 

 

Statutory tax rate

To change the statutory tax rate:

  • Click Reports > Options > Settings
  • Type the tax rates in Specifications - Current period statutory tax and/or Prior period statutory tax
  • It is also possible to click the settings icons to the right of the table

 

To manually input tax and make the text for the row editable:

  • Click the settings icons to the right of the row
  • Set Tax on profit or loss - calculated to No