1.14 Tax Country Codes

This topic describes about systematic instructions to maintian tax country codes.

Taxation Country Codes are standardized codes used to identify countries for taxation purposes. These codes help ensure compliance with international tax regulations, reporting requirements, and financial transactions across different jurisdictions.

Key Uses of Taxation Country Codes:

  • Tax Reporting & Compliance – Used in financial and tax reporting to determine the applicable tax rules for a specific country.
  • Cross-Border Transactions – Helps identify the country of taxation for international business operations.
  • Regulatory Filings – Required by government agencies to ensure businesses comply with local and global tax laws.
  • Withholding Tax – Supports the correct application of withholding tax, and other country-specific tax structures.

Each country is assigned a unique Taxation Country Code, which aligns with international standards such as ISO 3166-1 alpha-2 (two-letter country codes) or ISO 3166-1 alpha-3 (three-letter country codes). These codes are widely used in tax forms, financial systems, and regulatory filings.

For example:

Table 1-20 Country Codes - Field Description

Country ISO Alpha-2 Code ISO Alpha-3 Code
United States US USA
Canada CA CAN
United Kingdom GB GBR

Initiate Tax Country Code Management

  1. On Home screen, click Party Services, under Party Services, click Maintenance.
  2. Under Maintenance, click Tax Country Code, under Tax Country Code, click Create Tax Country Code.
    The Create Tax Country Code screen is displayed.

    Figure 1-25 Create Tax Country Code


    Description of Figure 1-25 follows
    Description of "Figure 1-25 Create Tax Country Code"

  3. On Create Tax Country Code screen, specify the following attributes.
    For more information on fields, refer to the field description table.

    Table 1-21 Create Tax Country Code - Field Description

    Field Description
    Tax Country Code The North American Industry Classification System (NAICS) Code is a six-digit identifier used to classify businesses
    Country The official name of the country associated with the tax code.
    ISO Country Code The standardized two-letter or three-letter code assigned to the country based on ISO 3166-1.
    Tax State Code A unique code representing a specific state or province within a country for tax purposes.
    State Name The official name of the state or province linked to the tax state code.
    Alternative Code An additional identifier or legacy code used for the country or state in tax systems.
    Region The geographical area or grouping associated with the tax country or state.
  4. Click Save.

View and Edit Tax Country Codes

Once the record is authorized by the checker, the user can view the Entity Maintenance.

  1. On Home screen, click Party Services, under Party Services, click Maintenance.
  2. Under Maintenance, click Tax Country Code, under Tax Country Code, click View Tax Country Code.
    The View Tax Country Code screen is displayed.

    Figure 1-26 View Tax Country Code


    Description of Figure 1-26 follows
    Description of "Figure 1-26 View Tax Country Code"

Parent topic: Configurations