Manage Tax Transactions

Introduction

Tax Transactions in the platform are used to record, allocate and track all tax-related charges applied to portfolios or specific security positions. This includes statutory taxes such as Withholding Tax, Sales Tax and Other regulatory taxes.

Cash-assigned Tax Transactions reduce the portfolio’s cash balance and impact the Cash PnL.
Security-assigned Tax Transactions are applied to a specific instrument and affect the Security PnL of that position.

Permission Requirement

Platform Name	Permission Level
Transactions (tab)	View, Modify, Create, Delete

Manage Tax Transactions

Go to Transactions > Find Transactions tab > Click + Icon

Or,

Go to Portfolios > Find Transactions tab > Click + Icon

A window appears. Search/Select your Transaction type.
Click Create + to proceed.

A form opens, fill in all the required fields(*).

Detailed Fields Explained Here:

Field	Description / Options
Bank Account	Select the bank account from which the Tax will be processed. Autofills in case creating from Portfolios.
Trade Time (*)	Enter the time at which the Tax is recorded.
Value Date (*)	Date on which the Tax becomes effective for accounting and PnL.
Sub Type	Options are: WITHHOLDING_TAX SALES_TAX BOND_TAX DIVIDEND_TAX TAX_CORRECTION OTHER_TAX PERSONAL_INCOME_TAX
Assignment Type	Defines how the Tax impacts the account: Cash – Deducts the amount from the cash balance. Security – Links the Tax to a chosen security.
Currency (*)	Select the currency in which the Tax amount is calculated.
Amount (*)	Enter the Tax amount to be deducted.
Instrument (*)	Required only if Assignment Type = Security. Select the specific security for the Tax.
Balance	Shows the current balance of the selected bank account (read-only).
Commission	Optional additional charge or commission associated with the Tax.
Description	Add notes or comments.

🔗 Learn here on how to fill in the Additional Info.

Once filled, click Save or to discard click Close.
Upon saving, a pop up message appears.

Click on Check Transaction Details to Edit details or click on Create Another Transaction.

Once saved, the transaction is created and will appear on the list.

To further Edit/Approve/Match the transactions. Click on three-dots menu to proceed or double click on the row.

🔗 Learn more on how to Manage Transactions or Match Transactions.

Post-Matching Behavior for Tax Transactions

PnL Impact
- Cash Assignment: Cash PnL is updated to reflect the Tax amount.
- Security Assignment: Security PnL is updated for the assigned instrument.
- Security balances or positions are updated accordingly.
Portfolio and Cash Updates
- Cash balances decrease for cash-assigned Taxs.
- Security positions reflect the Tax deduction if assigned to a security.