Close Tax Calendar – A summary of the activity

This activity allows you to close a tax calendar.

While the earliest declaration period/year in ‘Active’ status is fetched for closure for tax types that has settlement process as “Remittance”, those in status “Settled” is brought for the other tax types that have settlement process as “Declaration”. The system checks for unincorporated transactions for tax types following the settlement process “Remittance”’. On closure, the status of the declaration period/year in TSET component gets updated as “Closed”. You can verify the change to the status by clicking the link “View Period Closure Status.”

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