1. Details
Open the entity and select Add obligation. Choose the obligation from the list, such as VAT. The entity is filled in for you.
Add a custom name when the entity has more than one obligation of the same type, for example VAT registrations in two countries.
Choose the location; the currency follows.
Keep the status Active and choose the start date, the obligation's effective date. Loctax creates the periods from this date, and the first period starts on it. Use the date from which you want to track the obligation in Loctax; it's never earlier than the entity's incorporation date.
Leave the end date empty while the obligation applies, and add a responsible person if you like.
If the entity files together with other entities, for example in a VAT group, tick Tax consolidation.
2. Periods and deadlines
Select Next step. The filing period sets the calendar: the calendar year or a custom tax year.
The periodicity sets how often a return is filed, for example quarterly.
Set the filing due date relative to the end of each period, for example one month after. The calculation examples show the resulting dates.
If an annual return comes on top of the periodic ones, tick Consolidated annual return.
3. Payments and registration
Add the payment due date, for example on the filing due date.
If the tax requires prepayments during the year, tick Prepayments and set how often they're due, and when.
Add the registration number, with its location and registration date, and select Add.
Check the result
Loctax creates the obligation's periods and deadlines. Check the first period in the periods table: it starts on the start date. The deadlines also appear in the calendar and the compliance dashboards.
To add the same obligation to many entities at once, open Obligations and select New obligation.