Steps: Create Tax Declarations
You can configure tax declarations to extract
information about transaction taxes from your accounts to report to a tax authority. You
can export the information to submit it or, in the United Kingdom, submit it
electronically.
- (Optional) Configure theTax Declaration Eventbusiness process.Use this business process when the person who creates a tax declaration doesn't have authority to finalize it. Example: A GL accountant creates tax declarations and a tax manager approves them.
- Create a tax authority.
- Submit your tax declaration to the tax authority.
- (Optional) Access theUpdate Tax Filing Datetask from the related actions menu of the tax declaration.When you e-file a tax declaration, Workday populates the tax filing date for you.
Create custom reports to gain insight into tax declaration results.