Finalize tax solution setup

For multi-entity organizations, you want to ensure that your entities are defined correctly with the appropriate tax solution, operating country, and tax ID.

SubscriptionTaxes
Regional availability

All regions

User typeBusiness user with admin privileges

Complete the steps in the following table to finalize your taxes setup.

TaskDescription
Determine the tax return strategy for your entities
  • See how tax returns work to determine how you want to file taxes for the entities in your company that use the same tax solution and see an example.
  • Essentially, you want to assign the tax ID of the company to the entities that you want to file together with the top level entity, use the same tax ID for groups of entities that you want to file together, and use unique tax IDs for entities that you want to file separately.
    • Single tax jurisdiction: enter entity attributes

    If your Taxes application is configured for a single tax jurisdiction, complete these steps:

    1. Go to Company > Setup > Entities.
    2. Select Edit next to an entity. The Entity Information page appears.
    3. Select an Operating country.
    4. Enter a Tax ID.
      Ensure the Tax ID is the number that's registered with the tax authority for your country. To avoid incorrect tax submissions, do not change the Tax ID after you have started to enter taxable transactions for the entity.

    5. Required for France and Germany: Under Contacts, select an Entity contact.

      The contact information is required to create tax submissions for the entity. The following contact information is required for each country:
      France: A valid French postal code is required.
      Germany: A German address (including city, postal code, and state), email, and phone number are required. The contact's state must match the state associated with the entity's Tax ID. The country must be set as Germany.
    6. Select Save.
    7. Repeat steps 2 to 6 for each entity.

    Learn more about editing entity information.

    Multiple tax jurisdictions: enter entity attributes

    If your Taxes application is configured for multiple tax jurisdictions, complete these steps:

    1. Go to Company > Setup > Entities.
    2. Select Edit next to an entity. The Entity Information page appears.
    3. Select a Tax solution. By default, the tax solution is set to No Tax.
    4. Select an Operating country.
    5. Enter a Tax ID.
      Ensure the Tax ID is the number that's registered with the tax authority for your country. To avoid incorrect tax submissions, do not change the Tax ID after you have started to enter taxable transactions for the entity.

    6. Required for France and Germany: Under Contacts, select an Entity contact.

      The contact information is required to create tax submissions for the entity. For France, a valid postal code is required. For Germany, the contact you select must have a German address and valid phone number. The phone number that you provide is used for the two-factor authentication during the tax submission. The contact's state must match the state associated with the entity's Tax ID.
    7. Select Save.
    8. Repeat steps 2 to 7 for each entity.

    Learn more about editing entity information.

    Optional: install sample VAT and GST custom reports

    Sometimes when using a custom VAT or GST solution, you need to rely on custom reports to generate the necessary information to prepare and submit your tax returns to the appropriate tax authority. Sage Intacct provides several sample custom reports from which you can start.

    Learn how to install the sample VAT and GST custom reports.