Superannuation Consolidated

Other tax adjustments – TOFA

Statement Purpose
This statement provides detailed aggregated TOFA accounting and tax adjustments for all entities within the group and allows users to make any group-level adjustments.

Data Flow

Adjusted group total is calculated as the sum of aggregated amounts for all entities within the group plus any group-level adjustments. This amount links to
Other tax adjustments
.

Explanation of Fields

The statement is separated into
Domestic accounting
,
Domestic tax
, and
Foreign tax
 sections.
The
Group total
 column aggregates the TOFA tax workings of all entities within the group. This separation allows review of the aggregated TOFA tax treatment for each type of security entered from all entities within the group and enables any necessary group-level adjustments.

Signage

  • Gains, income, and non-deductible amounts should be entered as positive amounts.
  • Losses should be entered as negative amounts.

This article applies to:

  • Product: ONESOURCE Corporate Tax