1. Tax User Guide
  2. Tax Components as Classes
  3. Maintain Rate Codes and their Values

2.6.1 Maintain Rate Codes and their Values

This topic provides the systematic instructions to maintain rate codes and their values.

A Tax Rate Code identifies the rate that applies on an issuer tax. For instance, you can create a rate code and specify the rate values for different Effective Dates, in the ‘Trade Finance Tax Rate Code Maintenance’ screen. When building an Issuer Tax component, say Issuer_01, in the ‘Trade Finance Tax Class Maintenance’ screen, you only need to specify the Rate Code that should apply. For all securities associated with Issuer_01, the rates corresponding to the code will be picked up.
Specify the User ID and Password, and login to homepage.
  1. On the Homepage, type ‘TADTFRCD’ in the text box, and click the next arrow.
    The Trade Finance Tax Rate Code Maintenance screen is displayed:
    Description of tadrtcd__cvs_tax_rate_code.jpg follows
    Description of the illustration tadrtcd__cvs_tax_rate_code.jpg

    Since tax rates would vary across markets, you can define rate codes specific to markets (countries).

Parent topic: Tax Components as Classes