Tax Calculation
Discussion List
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Reverse Charge AR InvoiceSummary: Reverse Charge SELF AR Invoice without Accounting Content (please ensure you mask any confidential information): Business would like to create Reverse charge SE… -
How to create taxable journal with lines without taxes?Summary: Taxable journal requires, each entry line to be related with tax line (linked, or calculated) It is obvious, that when creating any journal, not all lines will … -
WHT Threshold Lim 50 Lakhs per party in a year Setup, but system is calculating WHT below thresholdSummary: WHT Threshold Lim 50 Lakhs per party in a year Setup, but system is calculating WHT below threshold also. how to check? Content (please ensure you mask any conf…
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VAT on Punchout PO for US LE'sSummary: All of our POs for the US entities are created as Gross by the users since we cannot claim the VAT. However, our Amazon punchout requisitions are created as NET…
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unable to calculate withholding tax for rent paymentSummary: Tax withholding on Rent Payment Scenario: Let's say we have 12 lac annual rent which makes 1 lac per month. But, the practice in Pakistan for calculating the ta…
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Retainage Release Invoice – Incorrect Tax Inclusive ComputationWe are encountering an issue with retainage release invoices. Based on the attached screenshot, when the retainage release is entered as tax inclusive, system is adding … -
Tax Only Invoice - RecoverableThe tax determination process applies the tax rate on a taxable basis. The default taxable basis formula assigned to the tax is used for tax calculation. This is usually… -
Can we default the value for the VAT ID (First Party Tax Registration) field for specific BU's?We would like to have this field defaulted only for specific BUs. In case this is still not feasible, is it possible to default a specific value into this field (per BU)…
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Tax zone configuration not working as expectedHello we are trying to define Northern Ireland as a new tax zone and define a tax rule so that whenever the ship to location has the Northern Ireland address the rate pi…
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Got ERROR related to TAX CalculationSummary: our procurement team got this error: The tax calculation couldn't be completed because of a problem with the third-party application. (ZX-885763) Details: Tax P…
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Tax is not getting calculated for AP/AR transactionsSummary: We have completed Regime to rate setup for tax, but still tax is not getting auto calculated for AP/ AR invoices. We have requirement to setup tax for Canadian …
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Where can the Point Of Acceptance or Point of Order Origin (POA and POO) be found in AR TransactionsSummary: In the factor sets, under Geography, there are tax qualifiers of 'Point of acceptance' (POA) and 'Point of origin' (POO). I see tax vendors e.g. Avalara use fie…
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Incorrect withholding tax calculation in AP InvoiceSummary: Hi, I have configured the withholding tax setup in Oracle Fusion, and withholding tax should be calculated on the total invoice amount which is 11,000. However,…
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Tax issue on Receivable InvoiceOur client has a requirement to enable both Oracle Tax and Vertex for Receivable Transactions. So, we have implemented the Vertex for US based customers and it is workin…
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How to manage a customer with 2 Tax Registration Numbers?Summary: The customer of our client, based in Germany, has multiple ship-to sites: one in Belgium and one in Germany. When our client delivers goods to Belgium, they nee…
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Need to account the Non Recoverable Tax potion to a separate accountHi, Currently, the tax "VAT" is setup as a recoverable tax in our instance. We have 2 business units (A & B). For A, the tax recoverable percentage is 49% and the non re…
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How to avoid Override "US_ZONE_TYPE_RI" value on Jurisdiction>>Geography type when we load using RISummary RI Spreadsheet defaults "US_ZONE_TYPE_RI" value on Jurisdiction>>Geography type for CITY taxes, as result of this CITY tax were not being calculated.Content RI S… -
Tax CompoundingSummary: Content (please ensure you mask any confidential information): Hi, I have created 2 taxes. Tax 1 (10%) and 2 (4%). Both taxes are applicable by default. My requ…
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Unable to View Tax Inclusive Checkbox at Line Level on AP InvoiceSummary: Hello, We are currently unable to see the Tax Inclusive checkbox at the line level on an AP invoice. We are aware that this checkbox is available in the Taxes t…
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Why Tax Expense account is not being used during Receipt Accounting?Summary: Why Tax Expense account is not being used during Receipt Accounting? Content (please ensure you mask any confidential information): We have a Tax Rate Code that…
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unable to enter user defined fiscal classification on ar invoice before save invoice.Summary: unable to enter user defined fiscal classification on ar invoice before save invoice. LOV is showing values on ar invoice after save the invoice. Content (pleas…
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Tax classification code is not appearing in Expense templateSummary: Hi We have defined some tax rates defined for AP and at the rate level we have enabled expenses. These tax rate codes work as expected in AP and are also visibl…
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Taxes not calculated on AP Invoice even after selecting tax classification codeI have Netherlands regime under which I have few taxes and tax rates setup. While entering an AP Invoice for a supplier from Belgium, I'm selecting the tax classificatio…
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How can we exclude a line from being used in the tax calculationSummary: We’ve set up rules to automatically apply taxes and withholding to our invoices. However, there are cases where we need to exclude specific line items from thes…
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How to set default tax classification for contract invoicesSummary: Need to set the default tax classification in contract invoices Content (please ensure you mask any confidential information): Version (include the version you … -
Intercompany Stand alone credit memo e-invoicing processSummary: Intercompany Stand alone credit memo e-invoicing process Content (required): Users are creating intercompany standalone credit memos which is transferred to AR …Kumar 57 42 views 7 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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India WHT tax bucket Changes from legal Entity to First Party tax registration numberSummary: For India, after changing the Tax Setup from Legal Entity to First Party Tax Registration Number, we have encountered an issue. When an invoice got cancelled, t…
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Can we change Tax code at Purchase order level ?Summary: We are using tax rules and tax rate / tax code is populated at PO level per tax rules which is correct. But in exceptional cases, if user want to modify the tax…
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How to handle withholding tax for some AP invoice lines?Summary: How to handle withholding tax for some AP invoice lines? Content (please ensure you mask any confidential information): Hi Tax Guru, Would appreciate your input…martingabriel Kinovisques 36 views 1 comment 0 points Most recent by martingabriel Kinovisques Tax & Global
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You must enter a master reference geographySummary: We are getting the error "You must enter a master reference geography type for this geography type It Zone Type Ri." when calculating tax on invoice received fr…