Francisco Orozco Consultant

Wish there is future option to easily identify inter-company custom tax, not featuring option to easily process inter-company custom tax, user might potentially not include custom tax from sales order-purchase order or from purchase order-sales order, instead the user might alternative apply the conventional miscellaneous charges. Not featuring inter-company custom taxes, user might potentially not easily include from tax accrual period, or settlement period calculations.

Wish there is future option to easily setup and visualize inter-company custom tax authority, for purpose to easily include tax authority from a conventional tax accrual period calculations and/or from a hierarchy master tax accrual calculations source and destinations.

Wish there is potential future option to easily calculate a master tax accrual calculation for all authorities, rather then featuring a tax accrual calculation by single tax authority. Featuring tax calculation accrual by authority maybe beneficial, however future featuring a consolidated or hierarchy tax calculation for all authorities (e.g. international inbound, international outbound, conventional tax supported, conventional tax liability).

Wish there is a NEW tax type option to include "ISR" Impuesto sober la renta or also referenced as Profit sharing (Impuesto en utilidades), calculated as follow: Utilidad fiscal (Taxable base) / Ingresos nominales (Gross activity income) =Coeficiente fiscal (taxable liability factor) Example: Gross activity income x taxable liability factor =Taxable base x 30% ISR (Profit sharing percentage) =ISR (Profit sharing liability balance) REMARK: Profit sharing default percentage may vary from year to year. usually 30%. Profit sharing is applicable in Mexico and some other South America (e.g. Colombia, other...) CALCULO DEL IMPUESTO SOBRE LA RENTA REGIMEN PERSONAS MORALES EMPRESA, S.A. C.V. Abril venta $300,000 Gastos $75,000 Mayo $ 500,000 Gastos $ 150,000 Articulo 17 fracción I Enciso A: Expida facture por el monto de la contraprestación Enciso B. Se envié o se entregue materialmente el bien o se preste el servicio Enciso C: Que se cobre o sea exigible total o parcialmente el precio aun cuando venga de anticipos. Articulo 9: La utilidad fiscal: Todos los ingresos que percibe la empresa menos las deducciones autorizadas – PTU entregado a los trabajadores. Articulo 14 Fracción I ISR. Calculo de ISR coeficiente al ultimo periodo de 12 meses, dividir la utilidad fiscal entre los ingresos nominales. Ejemplo: Utilidad fiscal 2,000,000/ 4,500,000 Ingresos nominales Coeficiente utilidad: .4444 Abril $ 300,000 Ingresos nominales: $ 300,000 (x) Coeficiente utilidad: .4444 (=) bases=133,320 (x) Art 9=ISR 30% (=) ISR $ 39,996 (-) Pagos provisionales anteriores = 0 (=) ISR a pagar: 39,996 Articulo 14 Fraccion 3 Se pueden acreditar los pagos parciales. Mayo $ 500,000 + 300,00= 800,000 (x) Coeficiente utilidad: .4444 (=) bases=355,520 (x) Art 9=ISR 30% (=) ISR $ 106,656 (-) Pagos provisionales anteriores = 39,996 (=) ISR a pagar: 66,660 Con respecto al IVA Abril Ingresos $ 300,000 (x) IVA = 16% (=) IVA a Pagar: 48,000 Gastos=75,000 (x) Tasa de IVA= 16% (=) Iva acreditable=$12,000 Iva a pagar = $ 48,000 (-) Iva acreditable: 12,000 (=) Iva a pagar: 36,000 Mayo Ingresos: $500,000 (x) Iva = 16% (=) Iva a pagar=$80,000 Gastos = 150,000 (x) tasa de iva= 16% (=) Iva acreditable= 24,000 Iva a pagar: 80,000 (-) Iva acreditable: $ 24,000 (=) Iva a pagar: $56,000

Wish there is a NEW tax type option to include "ISR" Impuesto sober la renta or also referenced as Profit sharing (Impuesto en utilidades), calculated as follow: Utilidad fiscal (Taxable base) / Ingresos nominales (Gross activity income) =Coeficiente fiscal (taxable liability factor) Example: Gross activity income x taxable liability factor =Taxable base x 30% ISR (Profit sharing percentage) =ISR (Profit sharing liability balance) Taxable base=Maybe compose from specific ledger accounts, taxable base ledger accounts may differ from nominal income only eligible for tax base purposes (e.g. no discounts, no rebates). REMARK: Profit sharing default percentage may vary from year to year. usually 30%. Profit sharing is applicable in Mexico and some other South America (e.g. Colombia, other...) CALCULO DEL IMPUESTO SOBRE LA RENTA REGIMEN PERSONAS MORALES EMPRESA, S.A. C.V. Abril venta $300,000 Gastos $75,000 Mayo $ 500,000 Gastos $ 150,000 Articulo 17 fracción I Enciso A: Expida facture por el monto de la contraprestación Enciso B. Se envié o se entregue materialmente el bien o se preste el servicio Enciso C: Que se cobre o sea exigible total o parcialmente el precio aun cuando venga de anticipos. Articulo 9: La utilidad fiscal: Todos los ingresos que percibe la empresa menos las deducciones autorizadas – PTU entregado a los trabajadores. Articulo 14 Fracción I ISR. Calculo de ISR coeficiente al ultimo periodo de 12 meses, dividir la utilidad fiscal entre los ingresos nominales. Ejemplo: Utilidad fiscal 2,000,000/ 4,500,000 Ingresos nominales Coeficiente utilidad: .4444 Abril $ 300,000 Ingresos nominales: $ 300,000 (x) Coeficiente utilidad: .4444 (=) bases=133,320 (x) Art 9=ISR 30% (=) ISR $ 39,996 (-) Pagos provisionales anteriores = 0 (=) ISR a pagar: 39,996 Articulo 14 Fraccion 3 Se pueden acreditar los pagos parciales. Mayo $ 500,000 + 300,00= 800,000 (x) Coeficiente utilidad: .4444 (=) bases=355,520 (x) Art 9=ISR 30% (=) ISR $ 106,656 (-) Pagos provisionales anteriores = 39,996 (=) ISR a pagar: 66,660 Con respecto al IVA Abril Ingresos $ 300,000 (x) IVA = 16% (=) IVA a Pagar: 48,000 Gastos=75,000 (x) Tasa de IVA= 16% (=) Iva acreditable=$12,000 Iva a pagar = $ 48,000 (-) Iva acreditable: 12,000 (=) Iva a pagar: 36,000 Mayo Ingresos: $500,000 (x) Iva = 16% (=) Iva a pagar=$80,000 Gastos = 150,000 (x) tasa de iva= 16% (=) Iva acreditable= 24,000 Iva a pagar: 80,000 (-) Iva acreditable: $ 24,000 (=) Iva a pagar: $56,000

Wish there is a master tax calculation to include all accruing calculation taxes (e.g. supported or also referenced as receivable tax, tax to be supported or also referenced as liability tax, profit tax sharing, and withholding taxes). Not featuring option to easily include multiple taxes from one tax accrual calculation, user might potentially process a tax type at a time. (e.g. Mexico localization) Example of tax accrual for period calculation: Tax to be supported or liability: -100 Profit tax sharing liability:-30 Withholding dividends liability: -10 Withholding freight liability: -20 Withholding tax professional individual: -12 Supported tax: 80 Credit tax balance previous period: 3 Indexed and penalty tax due to delay: -2 Tax accrual balance for period: 91 liability balance to authority vendor. Supported tax: Example europe VAT tax calculation Tax to be supported: Example VAT tax payable Withholding tax: Example Spain withholding tax Profit sharing: Example Colombia ISR impuesto sobre la renta or Mexico Impuesto sobre la renta.

Wish there is a future option to include VAT tax calculation credit balance ledger posting, not featuring option to track VAT tax credit (receivable balance tax credit calculation), user might potentially process final tax calculation outside the system for pursue to include a potential eligible tax credit along with the balance vendor accrual. Not featuring VAT tax credit calculation balance and specific ledger setup posting, from within the accrual tax vendor authority calculation for the period, user might not be efficiently saving time from tax calculation and from supporting tax calculation documents.

Wish there is future option to easily process tax calculation accrual and print out by end user language preference. Not featuring tax calculation print out as per end user language preference, user might potentially not easily visually read and potentially comprehend tax calculations, accrual and settlements to be performed.

Wish there is a tax due date of the month grace period preference (e.g. Mexico the due maximum grace period is the 17th of the following month, however some legal entities may have a preference to pay on the 7th, to prevent penalties and tax indexation calculations next calculation period).

Wish there is an option to future set the reportable tax opening balance for purpose of tax calculation for the next period inclusions (e.g. tax credits, tax liability balance for previous month...)