Tax Configuration
Discussion List
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Reduce RateI need the following: Reduce Rate Scenario: Taxable Basis = Line Amount x (Rate x Reduced Rate Percentage) Example: Line Amount = 10000 Rate = 5% Reduced Rate Percentage… -
where to add new Fiscal Classification CodesSummary: where to add new Fiscal Classification Codes. request to share navigation Content (please ensure you mask any confidential information): We need to add new valu…
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How to default WHT from Item Category?We have got a requirement from client to have WHT auto-defaulting to AP invoice from Item Category. Is there any possibility to fulfill this requirement on Oracle Cloud?…
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Tax rule using COA hierarchySummary How to use new parent value for natural account segment in tax ruleContent I need to write a tax rule based on COA natural account values. There are many natural…Tarun Kandwal 64 views 2 comments 0 points Most recent by Korrapati Chakradhar Reddy -Oracle Tax & Global -
tax liability account default from AR transactionSummary: Tax Liability Account is defaulting from Manage Taxes instead of Tax Rates and Recovery Rates Content (please ensure you mask any confidential information): Hel…
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How to set inclusive tax on Payables and Exclusive on Purchasing?Summary: Requirement whereby tax needs to be setup as Inclusive for Account Payables and Exclusive for Purchasing. We also use Period end Accrual. Is it possible to set …User_2025-03-07-18-56-47-860 14 views 1 comment 0 points Most recent by Daniela Petria-Oracle Tax & Global
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Will Accounting impact changed when intended use changes from Recoverable tax to Non-Recoverable taxWill Accounting impact changed when intended use changes from Recoverable tax to Non-Recoverable tax
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PO matched invoices after VAT changeSummary: What is the best practice when handling PO matched invoices after VAT rate change? Content (please ensure you mask any confidential information): Example 2023 V… -
UAE TAXSummary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…
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Is it Mandatory to create configure owner tax option and application tax option fusion taxSummary: Just wanted an understanding whether it is Mandatory to create configure owner tax option and application tax option fusion tax Content (please ensure you mask …Soundariya Kumar 11 11 views 2 comments 0 points Most recent by Rama Mohan - Support-Oracle Tax & Global
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Tax Configuration Content UploadSummary: After uploading the Vertex MDU file to load the Tax Configuration Content into Oracle, the Taxes are created but with Tax Applicability option as Not Applicable… -
Purpose and LOV of Default Recovery Rate Code field in Tax Rate setupSummary: We would like to verify the purpose of "Default Recovery Rate Code" and "Rule Code of Recovery Rate" in Tax Rate setup Main Details tab. We also like to confirm…
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How to use old tax percent(5%) and new tax percent(6.1%) of same tax rate in invoiceSummary: How to use old tax percent(5%) and new tax percent(6.1%) of same tax rate in invoice Content (please ensure you mask any confidential information): We have a ta…
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Tax Calculation in PO based on Item category,Supplier Registration status & GeographyBusiness requirements is PO Tax needs to be calculated based on Item Category, Supplier Tax Registration Status & Geography. Configured all the Tax setups but no tax cal…
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How do set up Tax rules on Supplier Type base?Hi Team, We have a requirement that is few Specific suppliers if an invoice received with more than 1Lakh amount should get Separate Tax code if it is less than 1Lakh In…
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Collecting Tax Authority and Site is emptySummary: Unable to add Collecting Tax Authority and CTA Site. No data in drop-down list. Supplier with Tax Authority Supplier type is already created With Site and Site …
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Transaction generic classification - Transaction type means AR Transaction type or Sales order typeSummary: Tax Determination Factor: Transaction generic classification - Transaction type : means AR Transaction type or Sales order type ? We need to have tax determinat…
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Can we write Tax Rules based on Sales Order Type ?Summary: We know that we can write tax rules based on AR transaction type. We want to understand if we can write rules using Sales Order Type . We have many sales order …
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How to load US Geographies information in CloudSummary: How to Load US Geographies into cloud Instance. From where we can get the File to load the data into oracle cloud. Content (please ensure you mask any confident…
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How can configured diferent tax under same legal entity different busne unitSummary: We have a customer with one Legal Entity but 6 different business units 4 BU using recovery tax at 100% with 11 tax rate percentage 1 BU using recovery tax 0% w… -
NOTE:1347993.1 - How To Use Fusion Tax Simulator is missing, is there any alternative note for this?Summary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…
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Is Tax Collected at Source functionality available in Fusion Cloud on the Receivables side?Summary: Is Tax Collected at Source functionality available in Fusion Cloud on the Receivables side? Content (required): Is Tax Collected at Source functionality availab…
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Use of Enable Final Data Validation and Enable Sweep Process in Manage Tax Registration TaskSummary: Hello Team In Manage Tax Registrations Task Oracle has provided an Option to sweep the Process. If anyone has worked on this can you please share what is the us…
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I am unable to see vertex tax rate in invoice level however we have deployed the rate successfully.Summary: Content (required): Version (include the version you are using, if applicable): Code Snippet (add any code snippets that support your topic, if applicable):
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Has anyone setup partial exemption UK vat reporting from Fusion?Summary Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): 23D Code Snippet (add any code snippet…
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Undo Finalization of Tax Calendar PeriodSummary: Undo Finalization of Tax Calendar Period Content (please ensure you mask any confidential information): Hi - I have an urgent issue where some VAT periods have …
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22D - Can we have multiple Bill From addresses for the same Legal entity for AR Tax CalculationSummary: Business Scenario We are looking for Tax Regime Determination using Default tax regime determination set – TAXREGIME and applicability based on Place of supply …
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How to not self assess tax for foreign supplier invoices?Summary: We do not want to self assess VAT tax when a foreign supplier provides services in Mexico. We have a Tax Registration Rule setup for this scenario with a result…
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Product based fiscal classificationHi Everyone, Client is into telecom sector and will have goods/services both from AP and AR side. Q1. Some goods are taxed at standard rate, some are taxed at reduced ra…
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How to Install Avalara AvaTax Integration with Oracle FusionWe wanted to know how the Avalara Avatax can be integrated with oracle Fusion. Can we use Azure Middleware or OCI for that Integration. What will be the Pre-requisites s…