Tax management

Record taxes for transactions – taxes are treated as transaction costs that are included in the transaction's total amount. You can extract costs and taxes and create separate transactions for accounting or reporting purposes.

Calculate taxes related to corporate actions – calculate tax amount for transactions produced with a corporate action based on the default tax rates specified in the system.

Calculate and track CGT per customer. Tax figures are tracked automatically when you record sales, allowing you to see both the CGT due from individual transactions (based on the sale of specific purchase lots) and the total amount accumulated since the start of the tax year.

Define CGT calculation rules per country according to the country's tax legilation, with flexible configuration for allowances, rates, and carried losses. FA system supports CGT calculation with flat rate, progressive rate by realized profit (tiered), and progressive rate by yearly income (brackets).