Tax Calculation
Discussion List
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Self assessed tax not getting calculated on suppliersSummary: Followed the below document to setup self assessed tax. How to Setup Self Assessed Tax ? (Doc ID 2388005.1) When I run the Tax Diagnostics Report it is not fetc… -
Payables Domestic reverse charge - self-assessed TAX automationSummary: How to Automate payables Domestic Reverse charge? Oracle automatically applies it during Invoice validation, Calculate Tax process. Content (please ensure you m… -
How to override receivables credit taxHello, We are trying to workout how to override the tax against an AR Credit. We have the following enabled: Manage Taxes - Allow override of calculated tax lines and Al… -
Calculation of tax using weight for items sold instead of valueThere is a new tax in France, called TGAP, that requires to calculate the due amount not based on the price of an item but on the weight of the quantity sold. There are …
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Is it possible to exempt VAT on Fusion Payables invoices if invoice is 120 daysSummary: Is it possible to exempt VAT on Fusion Payables invoices if invoice is 120 days older by comparing invoice date to current date? Content (please ensure you mask…
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Tax Basis Formula to divide VAT Line Amount AP InvoiceSummary: Tax Basis Formula to divide VAT Line Amount Content (please ensure you mask any confidential information): Hi, I would like to create a tax formula to solve the… -
How to get tax amount from Oracle Cloud Tax Engine while entering sales order in salesforceSummary: Hello Team, We have integration with Oracle Cloud and Salesforce. Sales Order is being created in Salesforce but Tax Setup is in Oracle cloud. How we can get ap…Savir Bansal -Trinamix 7 views 0 comments 0 points Started by Savir Bansal -Trinamix Receivables & Collections
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Arizona Transaction Privilege TaxSummary: How can I setup receivables to assess tax to seller and not buyer for Arizona Transaction Privilege Tax (TPT)? Our company pays the Arizona TPT tax calculated o…TriciaCarlson 11 views 1 comment 0 points Most recent by Krishna Pulicherla-Oracle Receivables & Collections
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Tax rate created with incorrect data set tax lookup and cannot be used in PayablesSummary: Hello! There are 5 BU from Argentina already implemented using TCC to derive taxes on Payables invoices working as exepcted in PROD. We are now implementing 2 n…
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Is there is any functionality available in Israel to apply withholding for Foreign Vendor InvoicesRequirement is to apply withholding Tax for Foreign Vendor Invoices in case foreign supplier payment breached threshold amount within a year. For example: Vendor ABC pay…
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Oracle Fusion offset tax on POSummary: There is a requirement to calculate offset taxes on POs for Europe entities. Can offset taxes be calculated on POs in Oracle Fusion? Content (please ensure you …
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How to apply two tax code on one receivables invoice line?I have the following tax codes in the system: TAX1 - 12% TAX2 - -2% How can I create a tax rules so that on one invoice line, the two tax codes above will be used and co…Butch Melvin 22 views 5 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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Tax rate should be defaulted from item if it is defined on item else defaulted from supplier siteSummary: Hi! We have a business requirement to default transaction tax rate on a Purchase order from an item or supplier site if it is not provided on an item. As we def…Muhammad_Saad 3 views 2 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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How to create Tax Rule to apply different Transaction Tax Rate to each line items when requiredHi Team, We have defined various Transaction Tax Rate with one default rate. This default rate would be applicable to all line items. Now we want to apply different Tran…Raj Thirumal 12 views 2 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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Tax Exemption Setup at Supplier Site LevelSummary: How to setup tax exemption on supplier site Content (please ensure you mask any confidential information):We have a supplier that requires one of their sites to…
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How the tax is calculated in RMS/ReIM when somebody use GTS?There are some 'GTS%' tables present, so from those tables can we determine the tax for an item? If yes, then please provide the related table names to refer. ReIM and R… -
Tax rules using cost center(it is a segment in our COA)Summary how can we write tax rules using cost center(it is a segment in our COA)Content Hi We need to write tax rules based on cost centers and cost center is one of our…
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Unable to edit Detail Tax Lines page to hide some fields - SandboxWe have requirement to hide some fields for all users but unable to edit Detail Tax Lines Page, can anyone support for this
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Challenges on VAT Functionality with Oracle Fusion ExpenseSummary: Need to explore whether Oracle Expenses has built-in support for VAT calculation and reporting, especially for international purchases.we should have a clearer …
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How to set-up IN TDS 194IB, where rate is applicable exceeding monthly threshold?Hi. I have a requirement to set-up TDS 194IB where threshold is 50,000 per month. I am currently using Period as basis. I have also set-up a WHT calendar (Apr-Mar, month…
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How to calculate self assessed taxes without registration status on a supplier?We have a client requirement where, the self assessed taxes only need to be calculated on goods received from outside the country, for which we have already created geog…
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How to edit and change Withholding Tax Rate after a line created with wrong WHT rate?Hi Team, AP payables transaction WHT has line has been created after that we identified that the calculated rate is wrong, and not only amount, but we also want to chang…
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Inquiry on Tax Classification Code and Product Category Behavior in Oracle AP Invoice InterfaceSummary: How do the tax classification code and product category work? If there is only one value, how does the system calculate it? Or if both values are present, how d…
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Mass update "Allow ad hoc tax rate" on the Tax rate codesSummary: Mass update "Allow ad hoc tax rate" on the Tax rate codes, is there an API or Spreadsheet option to mass update this flag? We have about 100K tax rate codes and… -
Configuring Tax Rate Calculation in AP InvoiceSummary: Currently, the tax rate in the AP Invoice is determined based on the Product Category field. However, we would like to change this to use the Tax Classification…
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How to handle withholding tax line on AP invoiceHi Tax Guru, Would appreciate your input on following withholding tax cases. Our withholding tax was configured successfully and working. Now we run into one issue sound…
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Saudi Arabia Excise Tax treatment in oracle fusionSummary: Hi, We want to know whether there's a standard functionality in fusion can handle Excise Tax for Saudi araba. Scenario: we purchased Items (from outside KSA) wi…
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How to create Self Assessed Tax invoice automatically once invoice is validated and approvedSummary: How to create Self Assessed Tax invoice automatically once invoice is validated and approved Content (required): Business creates Invoices with Self-assessed (r… -
" Override Tax Amount" on the AP Invoice is not workingSummary: below setups are verified and are enabled but still, the Override Tax amount option is not calculating tax. The 'Allow Override of Calculated Tax Line' option i…
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Withholding tax is not applying to invoice line from Supplier SiteSummary: Withholding tax is not applying to invoice line from Supplier Profile Content (please ensure you mask any confidential information): Hello I setup the following…martingabriel Kinovisques 35 views 1 comment 0 points Most recent by Rama Mohan - Support-Oracle Tax & Global