Tax Calculation
Discussion List
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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 62 views 4 comments 0 points Most recent by Sri Harsha Bhamidipati-Oracle Tax & Global -
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)…
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Withholding Tax Determination Based on AP Invoice Distribution /Line GL AccountSummary: We have a business requirement where the applicable Withholding Tax (WHT) should be determined based on the GL Account entered on the AP Invoice distribution li…
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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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Determination of tax via DFFSummary: Utilizing DFF Fields from Invoices into Tax Logic Content (please ensure you mask any confidential information): Looking for input regarding leveraging DFF fiel…
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How to create Tax Collected at source (TCS) in Receivables moduleSummary: How to create tax collected at source in receivables module on Gross amount of Invoice Content (please ensure you mask any confidential information): As per Inc…
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Place of supply rule for a specific tax code based on countrySummary: I have configured a Tax rule to use a specific tax code based on country. I have configured a Tax Determining Factor set for Bill From country and a Tax Conditi…
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Alternative approach or source to retrieve TAX_RECOVERY_RATE value for reportingSummary: For tax reconciliation reporting, the seeded tax reconciliation reports use temporary tables to extract the required data for report generation and automaticall…
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How to exclude discount line to be calculated tax where source is DOO and discount is separate lineTax is being calculated on both the main item line and the discount line, resulting in double tax calculation. The customer wants tax to be calculated only based on the … -
Tax Rate rule defined for GL account but not getting used in AP InvoiceSummary: Tax Rate rule defined to default tax rate code for a specific GL account. I have setup Tax Determining Factor sets, Tax Condition sets and Tax Rate Rule but whe…
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Hi i am not able to setup the tax for freight (weighted average tax calculation)The tax on the freight line should be calculated based on the weighted average tax rate derived from all item lines in the transaction for both AR and AP invoices For ex…
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Tax Calculation on Project Draft InvoiceSummary: We have Vertex Tax Engine in US, and Fusion Tax Engine for rest of the world. This being so can anybody throw light on how the correct tax (based on customer an…
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Payment of Direct taxSummary: We have a current process where following taxes are paid and calculated outside oracle income tax, business license tax, gross receipts tax, etc. Can you confir…
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how to include goods receipt in tax allocation processSummary: For the Belgian government, the time of delivery is a taxable event not the processing of the invoice. So it is needed to report the goods receipt in the applic…Paolo S 28 views 3 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global
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Tax Rate default based on amount threshold in oracle fusionHow we can setup threshold for sales based on amount. we have a requirement where we have to default tax rate based on sales amount for each legal entity. e.g. for Legal…Keval Soni 13 views 2 comments 0 points Most recent by Rasheed - Fusion Support Engineer-Oracle Tax & Global