Default exemptions

Use the Default Exemption chart during the balance import process if you have exemption amounts on your balance import file, but don't have a code on the import file identifying the classification for the exemption. Otherwise, any exemptions amounts found on a balance import file without an exemption category assignment will be assigned to Other Exemptions.

Also, you can use a Default Exemption chart if, during the calculation of taxes, you use a calculation code that calculates taxable and/or gross from tax collected or individual tax amounts. At times during these calculations, the system needs to calculate an exemption. By default, these calculated exemptions are assigned to Other Exemptions.

If you have balance import records that have exemption amounts, but don't have exemption type assignments, and having the exemptions assigned to Other Deductions on a global level worldwide will suffice, you don't need to create a Default Exemptions chart. If you're using a calculation code that calculates taxable and/or gross from tax collected or individual tax amount, and the system needs to calculate an exemption amount, and having the calculated exemption assigned to Other Deductions on a global level worldwide will suffice, you don't need to create a Default Exemptions chart. .

You make your assignments by tax type. For each tax type, you then select the exemption category you want assigned to any unidentified balance import exemption amounts or calculated exemptions for the tax type.

The last step is to select the level and authority you want to assign for the default exemption. Examples of assignments:

If you utilize a Default Exemption chart for both Balance Import and Compute purposes, you'll need to create separate charts; one for Balance Import and one for Compute.