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Administrator Guide
Last Updated: 2023-06-23
Concept: Tax Master Records

Concept: Tax Master Records

Workday generates tax master records from transaction tax information to populate the
TaxTable
 element in Standard Audit Files for Tax (SAF-T).
Workday derives tax master records from these fields on tax-relevant transactions for a company:
  • Country
  • Effective Tax Recoverability Percentage
  • Tax Applicability
  • Tax Code
  • Tax Rate
  • Tax Rate Percentage
  • Tax Recoverability
  • Tax Recoverability Percentage
  • Tax Type
Each unique combination of values for these fields is 1 tax master record.
On the
Set Up Tax Master Template
 task, you can:
  • Create a tax master template for a country.
  • Enable additional fields that your SAF-T schema requires.
  • Enter default values for fields with no corresponding data in Workday.
On the
Create Tax Master
 task, you can select a company to create tax master records for. Workday then:
  • Generates tax master records from your taxable documents and assigns a tax master tax code to each record.
  • Populates the tax master records on a tax master template.
  • Displays the
    Maintain Tax Master
     task.
On the
Maintain Tax Master
 task, you can:
  • Review data that Workday populated from taxable documents.
  • Enter or change values for fields that you enabled on the tax master template.
To change values that Workday populates from taxable documents, change the information on your taxable documents or configure field overrides on your SAF-T integration.