Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Companies

Interstate taxable revenue percentage values

Interstate taxable revenue percentage applies to telecommunication service providers.
Where possible, telecommunication service providers should report to the Federal Communications Commission (FCC) the amount of total revenues that are intrastate, interstate, and international by using information from their books of accounting and other internal data reporting systems. However, wireless and VoIP telecommunications providers may use traffic studies, if active, for the company.
Use the traffic study percentage value to contribute a direct adjustment to the taxable basis of any line item for the Telecom authority type.
Rate value * the Traffic Study % value.
Or, use the Safe Harbor percentage value to contribute a direct adjustment of the taxable basis of any line item for the Telecom authority type.
Rate value * the Safe Harbor % value.
If the Safe Harbor or Traffic Study percentages aren't set up for the company, use the default taxable basis of 100%.
note
Reference the FCC's current year instructions to the Telecommunications Report Worksheet, FCC Form 499-A for details on traffic study reporting.

This article applies to:

  • PRODUCT: ONESOURCE Determination,ONESOURCE Indirect Tax

Related Content