Tax Calculation
Discussion List
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How to upload the geography hierarchy as value in Manage tax rules spreadsheetWe have created 'Manage Tax Condition Sets' and the determinant factor is 'Geography'. We have the condition based on county and city in United States. The issue is, whe… -
We need to create a tax rule based on the supplier’s countrySummary: We need to create a tax rule based on the supplier’s country. If the supplier country is not Egypt, the system should automatically apply the VAT 0% tax rate. I…
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how to default a VAT Tax Rate on AP/AR invoice coming from Inter-CompanyRequirement is that when EU transactions come to AP or AR from the Inter-Company track, then a VAT Tax Rate should automatically get defaulted and calculated on those tr…
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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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Need different accounting for non-recoverable Tax than item expenseSummary: hi, For Leases in IFRS, there are short-mid-and long term accounting requirements. Means, when lease is booked originally, depending on duration of lease term, …
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How do you disable Tax Rate Override in Invoice creation?Business wants to disable the Tax Rate Override drop-down in Invoice level to avoid risk of changing the default tax. Default tax rate was assigned at the Supplier level…
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Unable to find all tax rates in LOV when trying to edit taxesSummary: I have created Manual AP Invoice and tax rates default from supplier master. it is working fine. When i tried to edit taxes, i can see few Tax rates in LOV but …
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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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How to make tax rule based on customer classSummary: How can we configure a tax rule based on the Customer Class, so that when the Customer Class is Export, VAT is not calculated? For all other customer classes, t…
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Incomplete Tax Authority Setup Invoice Hold Error messageSummary: Hi Team, We have setup withholding tax for United States country. We have created tax regime, tax and tax rate for US. We have also created COTO for US. When we…
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withholding tax for invoice is not getting calculateSummary: The withholding tax for invoice 212005 1 couldn't be calculated: round_wht_dist_amt: -1426 : ORA-01426: numeric overflow The tax calculation couldn't be complet…
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Withholding tax is not getting calculated for invoices in foreign currencySummary: We have setup withholding tax configurations for Brazil in our UAT environment, and the invoices for Brazil with the local currency - BRL, are having their with…
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Product based fiscal classification are not showing in LOV in ReceivablesSummary: 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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Not Able to see Tax breakup and Jurisdiction information in the Order ManagementSummary: Want to have Receivables-equivalent tax-detail visibility directly in Order Management.How this can be achieved. Order Management stores the individual tax deta…
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When the customer B2C does not have a GST registration, the system is calculating IGST.Issue: When the customer B2C does not have a GST registration, the system is calculating IGST. Expected Result: If the Place of Supply is Karnataka and the customer's ad…
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Unexpected behavior in the tax rules for the Employee expense reportsWe have a tax rule to apply tax rates to an employee expense report based on the Product category and Expense location. While creating expense report, in Expense locatio…
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Offset account in AP invoice is not triggering when we create invoices from Global IntercompanySummary: Offset account in AP invoice is not triggering when we create invoices from Global Intercompany Content (please ensure you mask any confidential information): V…
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Tax to derive different VAT rates based on the balancing segment used on the invoice distribution?Summary: Hi Everyone, I have a requirement in Oracle Fusion Payables and would appreciate your guidance. Business Requirement We have a single supplier invoice with one … -
Separate Posting of Principal Amount and Tax During PO CreationWe would like to understand whether Oracle Cloud Fusion supports the segregation of the transaction amount into two different accounting codes during the Procure-to-Pay …Sri Harsha Bhamidipati-Oracle 61 views 4 comments 0 points Most recent by Sri Harsha Bhamidipati-Oracle Tax & Global
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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 …
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The client has raised a concern that for Purchase Orders coded to Inventory (Goods destination),Hi, I need your help understanding an Oracle Fusion tax accounting issue. The client has raised a concern that for Purchase Orders coded to Inventory (Goods destination)…