Planon Real Estate : RE Finance : Enterprise level setup : Corporate Income Tax (Enterprise)
Corporate Income Tax (Enterprise)
The Global Administrator defines Taxable income brackets and related tax rates. Future year percentages can be added based on own insights (see the following screenshot).
Settings Enterprise – Corporate Tax
To create a tax bracket, click the Add Corporate Tax button. A row is added to the grid after which taxable income bracket and tax rate can be entered. Next, Tax rates can be added per year. Add a new start year or end year where needed using the respective buttons. A start- or end year can be removed by clicking on the three dots next to the start- or end year header and choose Delete Year. You can delete an Income Tax line by selecting the Income Tax line and clicking the Recycle bin icon on the right.
The tax rates of the last year are used for all future, undefined years.