Tasks to be completed when documenting an operation (from creation to publication)

1. Enter the Title of the operation / page

2. Add the following Labels :

- Scope of applicability: ww, country_accounting

- Country or group of countries (if applicable): belux, china, france, italy, lam, nam, uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore, new_zealand, emea_transversal, apac_transversal

- Unit and Domain according to the List of labels to be used in the Finance Service Line space
  - E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
    - Labels to be used: ww, financial_accounting, central_fin_proc_compliance
  - E.g. 2: France Operation in Financial Accounting:
    - Labels to be used: country_accounting, france, financial_accounting
      (for country operations, the Domain is always country_accounting)

3. Fill in all fields as described above

4. Name the title of each section using OPD methodology naming convention - Infinitive verb without the “to”, mainly action verb...something) - " I do something..."

5. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow

Domain: Country Accounting

Responsibility area: N/A

1. Objective and Scope

1.1. Objective of this Operation

The purpose of this document is to help calculating and issue payment document regarding: PC – Payments on account & PAC – Additional payment on account.

PC - Pagamentos por Conta - Payments on Account (Art. 104.º & 105.º CIRC)

Are taxes payable applied to companies that made a fiscal profit in the previous year.

Payments on account are calculated on the basis of the collection (field 351 of MOD22) for the tax period immediately preceding the period in which such payments are to be made, net of withholding taxes.

For the taxable entities whose turnover in the tax period immediately preceding that in which those payments are due, are:

PAC - Pagamento Adicional por Conta - Additional Payment on Account (Art. 105.º-A CIRC)

Entities obliged to make Payments on Account - PC and Special Payments on Account - PEC (not performed anymore) shall make the Additional Payment on Account in cases which in the previous taxation period was due state surrender under the terms referred to in article 87.º-A of the CIRC.

The value of the Additional Payments on Account shall be equal to the amount resulting from the application of the rates set out in the following table for the part of the taxable profit exceeding (Euro) 1.500.000 relating to the previous tax period:

In the context of the annual budget of the state, new rules can be added in the payment calculation method defined above.

In case of changes, the CAM will inform and adapt the excel file template of calculation, adding this new conditions.

1.2. Scope

This procedure applies to the following Portuguese companies in PF1:

6414: Solvay Biotecnologia Portugal – Unipessoal, Lda
6424: SLV Specialties Portugal, Unipessoal, Lda

The documents are stored in Drive Y: with the following path:

Y:\SU_FA_Other EMEA_ADM\CONTABILIDADE\6414_Solvay Biotecnologia Portugal – Unipessoal, Lda\IVA & SAFT & Impostos & Imposto de Selo & AT\PC&PAC

Y:\SU_FA_Other EMEA_ADM\CONTABILIDADE\6424_SLV Specialties Portugal, Unipessoal, Lda\IVA & SAFT & Impostos & Imposto de Selo & AT\PC&PAC

2. Definitions

See Finance Glossary:

3. Tasks description

3.1. Responsibilities

Accounting Platform – Prepare all information and submit the declaration.
CAM – Do the payment.

It has to be registered by case in BMC Helix, with no exception.

3.2. Periodicity

The PC and PAC payments are divided into 3 parts: 31^st of July; 30^th of September and 15^th of December of each year.

3.3. I extract SAP Information

Go to transaction F.01 and use variant BALANÇO PT SCO for company 6414.

For company 6424 use the same variant - just need to change the company code field.

The amount of the turnover is the amount in line “TOTAL VENDAS E SERVIÇOS PRESTADOS”.

Export this information to excel:

Finance Service Line > PT SCo - Tax Authority - PC and PAC > 1.PNG

To have the amount of the payments made in the previous taxation period:

Run transaction FBL3N with G/L account 4510010000 for the company code you are reporting, with all items between 01.01 and 31.12 of the previous year.

Tasks to be completed when documenting an operation (from creation to publication)

1. Enter the Title of the operation / page

2. Add the following Labels :

Scope of applicability: ww, country_accounting

Country or group of countries (if applicable): belux, china, france, italy, lam, nam, uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore, new_zealand, emea_transversal, apac_transversal

Unit and Domain according to the List of labels to be used in the Finance Service Line space

3. Fill in all fields as described above

4. Name the title of each section using OPD methodology naming convention - Infinitive verb without the “to”, mainly action verb...something) - " I do something..."

5. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow

Table of contents

Scope

ERP

Frequency

References

Attachments

1. Objective and Scope

1.1. Objective of this Operation

2. Definitions

3. Tasks description

3.1. Responsibilities

3.2. Periodicity

3.3. I extract SAP Information

3.1. I do something...

3.1.1. Step 1 of Task 1 (I do something...)

3.1.2. Step 2 of Task 1 (I do something...)

3.2. I do something...

3.2.1. Step 1 of Task 2 (I do something...)

3.2.2. Step 2 of Task 2 (I do something...)

End of document.