You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

CALCULATE VAT ON 80% OF THE AMOUNT

edited Apr 30, 2024 2:58PM in Tax & Global 2 comments

Summary:

Hello,

I need to calculate VAT on 80% of the invoice amount
Example :

Invoice amount = 100 EUR

VAT = 20%

VAT must be calculated on 80% ⇒ (100*80%) = 80 * 20% = 16 EUR

Which is the setup to do ?

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):

Oracle Fusion Cloud Payables


Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!