Tax Calculation
Discussion List
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How to design Tax Rule for Sales order when warehouse belong to another BUSummary: Tax Rule design for Sales order when warehouse belong to another BU Business Unit - Singapore Business Unit Warehouse from where shipment is happening - Malaysi… -
Discrepancies in the amount of Posted Tax Amount in the Tax Reconciliation ReportWe are trying to generate Tax reconciliation Report through schedule process. When we click on OK to start the Report process, we have to fill in some process details li…
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Configuration workbook Spain and Poland localizationSummary: Configuration workbook Spain and Poland localization Content (please ensure you mask any confidential information): Does anyone have any configuration workbook …
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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… -
Tax Configuration FAQHi, Below are the taxes configured; My expectation is below in AR scenario; Amount charged from customer = 1000 Service Charge (Defined as a tax ) 10% = 100 Amount appli…
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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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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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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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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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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 41 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…