Set Up Company Tax IDs for Financial Transactions

Administrator Guide

Security:

Set Up: Company General
domain in the Common Financial Management functional area.

Set Up: Payroll - Company Specific (Accounting)
domain in the Core Payroll functional area.

You can configure multiple country-specific tax and business identification numbers for your companies. You can then automatically use the appropriate tax identification numbers in transactions to comply with regulatory requirements.

Access the

Edit Company Tax Details

task.

As you complete the

Tax IDs

tab, consider:

Option	Description
Country for Tax ID Type	The prompt displays only the countries with Workday-delivered tax ID types.
Tax ID Type	The prompt displays Workday-delivered tax ID types for the country that you specify.
Transaction Tax ID	Select the check box to have the transaction tax ID display and print on customer invoices. For each country, you can select 1 identification number as a transaction tax ID. Tax IDs don't display on supplier invoices. Use reports to view the tax IDs on supplier invoices.
Primary Tax ID	Select the check box to indicate the main tax ID when managing multiple IDs. Settlement uses the primary tax ID for payment information.

Maintain tax ID groupings for countries that require more than 1 tax ID on customer or supplier invoices.

Configure transaction tax account posting rules for your company.