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Tax & Global
Discussion List
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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… -
Failure to reflect updated Tax Recoverable Account in AP Invoices for Tax RateSummary: Unable to reflect the updated tax recoverable account in AP invoice after updating the tax rate configuration Content (please ensure you mask any confidential i… -
Does "Process Tax Point Date Adjustment" work for Prepayment ?Hello, We see that "Process Tax Point Date Adjustment" does not take into account the Payables prepayement. We have the possibility to enter the Adjusted Tax Point Date …
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VIES VAT Information Exchange SystemSummary How to address vendor/customer compliance with VAT Information Exchange System ?Content The European Commission issued new rules called VAT quick fixes and appli… -
Bulk Upload of Product Category Fiscal Classification Codes through SpreadsheetSummary: I want to upload approx. 7000 HSN/SAC. Is there any spreadsheet available for Bulk Upload of Product Category Fiscal Classification Codes? If not, What are the …
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Moved: SLA for non-recoverable tax-fixed value for natural account and cost centerThis discussion has been moved. -
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 we add Geography name while setting up tax jurisdiction for City type tax.how do we add Geography name while setting up tax jurisdiction for City type tax
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Setup offset taxes French Requirement one REC 23% and another REC 77%Summary: Setup offset taxes French Requirement one REC 23% and another REC 77% Content (please ensure you mask any confidential information): Hello There is one tax setu…
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Recalculate WHT during Invoice Payment for Discount Applied on the InvoiceSummary: Recalculate WHT during Invoice Payment for Prompt Payment Discount Applied to the Invoice Content (please ensure you mask any confidential information): Our cus…
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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 update the previous months balance on the VAT liquidation report for Italy when change systemWe are moving from R12 to Fusion Cloud mid year. For our Italian entity they have the VAT Liquidation report and that pulls the previous months VAT balance. How do we pu…
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Question on Fusion ERP Cloud - Avalara IntegrationSummary Question on Fusion ERP Cloud - Avalara IntegrationContent Hi, We need to use Avalara as the Tax Engine for the ERP Cloud Implementation. We would like to know if…
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Automated Tax Registration Number Validation for Suppliers feature (25D)Hi! We have enabled the new Automated Tax Registration Number Validation for Suppliers feature (25D). The current validation logic appears to depend on the Tax Regime se…
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Financial Tax Register returns incorrect Tax Classification for AP InvoiceSummary: Financial Tax Register returns incorrect Tax Classification for AP Invoice Content: Hi - when running the Financial Tax Register, an organisation I support has …
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ERP – Complying with Country Requirements using Financials Cloud, 23 September 2020, 9 a.m PT - SubmContent Submit your questions for the ERP – Complying with Country Requirements using Financials Cloud session to have them answered during the live event. Post your que…
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We have a requirement to calculate tax recovery based on assets CategoriesFor India PO-based scenario, we have tax recovery rules based on PO categories, and we have a requirement to calculate tax recovery based on asset categories irrespectiv…
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Implement put Service Distributor (‘ISD’)Summary: An ISD is an office that incurs third party common expenses on behalf of other locations or states. For example, if an office in one state (say Bangalore office…
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Offset Tax for Withholding TaxHello Experts Customer has a requirement for foreign purchase to add an withholding tax rate of 20% and in the same time it will have a offset nonrecovable with the same…
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No tax recoverable or liability account exists for the tax rate or for its account source tax rate.Hello, I have created a Tax Rate with Tax Recoverable Account and Tax Liability Account provided. The Tax Liability Account is working as expected, the account is taken …
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Withholding Tax Calculated at PaymentSummary: Hi All, We currently have a requirement to add 2 additional withholding tax rates for our client. Specifically, they needed additional WHT Rates of 2% and 10%. …
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1099 tax form B incorrect PAYEE NameSummary: Our 1099 tax form B has an incorrect Payer Name. It just shows the address of our organization which is correct. However, the organization (PAYER'S Name) is mis… -
How to remove the effective end date for a TaxBy mistake we have added the effective end date for a Tax. Now this field is greyed out, and we are not able to remove the end date. We have many rules created for this …
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Allow Tax Recovery is not enabled in manage Tax Regime, manage TaxI have completed the Tax setup. Manager Tax Regime Manage Tax Manage Tax Rate and Recovery Rate but now I am trying setup - Tax Recovery setup. in Manage Tax Regime - Al…
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Hold GST (Transaction Tax) Amount only from the invoiceOracle Fusion Financial Cloud - Payables - Invoices We need to hold the GST amount (transaction tax amount) for those vendors who have not filed GST returns. Is there an…
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sql query to get the Tax and Withholding Amount of AP InvoicesI'm working on retrieving the tax and withholding amount for each line in AP invoices. The AP_INVOICE_LINES_ALL table contains a TAX_RATE column that holds the required …
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Which Oracle Fusion Cloud Applications quarterly update will offer JPK_CIT functionality?Summary: Which Oracle Fusion Cloud Applications quarterly update will offer JPK_CIT functionality (for Poland)? Content (please ensure you mask any confidential informat… -
India specific localization/TaxesSummary: Need to understand the pre-requisites system setups for India Taxes/Localization that would need to be performed on the instance (in addition to the features en…
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Withholding Tax Calculating PointHello Experts Customer require to calculate withholding tax based on the tax rate, for example First Rates: 1%, 3%, 5% Calculation Point at payment Second Rates: 20% Cal…
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How to use multiple WHT codes on single line without using Tax grouping or Tax rules?Summary: We have a scenario where user want to use multiple withholding taxes on single invoice line, also they don't want to use any Tax grouping or Tax rules. As there…