Set Up Tax Authorities

Administrator Guide

Security: Set Up: Tax
domain in the Common Financial Management functional area.

You can create tax authorities for the jurisdictions where you pay or report on taxes. Example: New York State Department of Taxation and Finance.

Access the

Create Tax Authority

task.

As you complete the task, consider:

Optie	Omschrijving
Create Tax Authority from Business Entity	Select a business entity for Workday to add tax authority details to. Once you select a business entity, you can't change it.
Tax Reporting Currency	Select the currency to calculate and report taxes for the tax authority. Example: Your company currency is USD, but you report taxes for your European headquarters in EUR. You select EUR. You can't change the reporting currency after you create a tax rate for the tax authority.
Rounding Definition	Select or create a rounding definition for Workday to round tax amounts: In tax reporting currency for tax reports and tax declarations. In company currency for posting to ledger accounts, when the company currency is the same as the tax reporting currency. In transaction currency for display on taxable documents, when the transaction currency is the same as the tax reporting currency. When you don't select a rounding definition, Workday rounds the tax amounts to the nearest currency precision. Example: Workday rounds amounts in EUR to the nearest 2 decimals.

You can:

Access the

Update Tax Authority Logo

task to upload a logo for this tax authority.

Access the

Create Tax Declaration Run

task to report taxes to a tax authority.

Create supplier invoices or ad hoc payments to pay the tax authority.