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Tax & Global
Discussion List
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How to implement the Romanian VAT threshhold for reverse charge ?Content https://taxsummaries.pwc.com/romania/corporate/other-taxes "The reverse-charge mechanism is applicable for the supply of buildings, parts of buildings, and plots… -
India Tax - adjusting tax point basis on transaction laterSummary India Tax - adjusting tax point basis on transaction laterContent Hi, Is it possible to adjust tax point basis on transaction at a later point post submission? U… -
Tax MTD compliant QuestionSummary Our tax teams are working to adhere to UK Tax Policies. I tried to research whether ORACLE ERP CLOUD was MTD Tax CompliantContent Our tax teams are working to ad… -
Error in Tax Status Rule uploads-Operator Is blank is invalid for tax regimeSummary Error in Tax Status Rule uploads-Operator Is blank is invalid for tax regimeContent Hi We are uploading the Tax Status and Rate Rules via the Rapid Setup Spreads… -
Withholding Tax ExemptionSummary Withholding Tax ExemptionContent Withholding Tax Exemption is setup for period Jan-20- Mar-21. When entering an invoice is it the Invoice date that the system us…
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Duty role/Privilege needed for Record Inward and Outward Taxes for India ProcessContent What is the Duty role/Privilege needed to run "Record Inward and Outward Taxes for India" Process?? As per the Finance Readiness doc 21A, APAC Localization secti…
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Withholding Tax ExemptionSummary Withholding Tax ExemptionContent Withholding Tax Exemption after completing my withholding tax setup, I created a tax exemption certificate, however invoices are…
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Reporting Tax Point Date for Payment and AccountingSummary Reporting Tax Point Date for Payment and AccountingContent Hi We have a custom report where we want to pull the tax point date for Invoices. Our Tax Point date f…
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Item/Product based tax calculationSummary Item/Product based tax calculationContent Hi We are not using inventory module and just using Payables and Tax. However we want to write tax rules that are based…
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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… -
Integration Documentation for Vertex OSeriesContent Hi All, Has anyone found detailed documentation for setting up the integration of Oracle with Vertex OSeries for tax calculation? We have referenced the Oracle d… -
Reverse Charge in GSTSummary Reverse Charge in GSTContent How do we handle reverse charge scenerio for AP invoices in GST tax regime?
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Tax rules using cost center(it is a segment in our COA)Summary how can we write tax rules using cost center(it is a segment in our COA)Content Hi We need to write tax rules based on cost centers and cost center is one of our…
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Withholding tax is not calculating at Payment LevelSummary Withholding tax is not calculating at Payment LevelContent Created Two Invoices with Withholding Tax Code: 1. Standard Invoice 2. Credit Memo with Foreign Curren… -
Handling the new Northern Ireland (XI) VAT reg prefix for customer in the United Kingdom tax regimeSummary We have a tax regimes for Ireland and the United Kingdom however for customers with the "XI" VAT reg prefix the validation on the reg number won't allow us to up… -
India GST E-Invoicing- How Export Invoices are handledContent Basically Export invoices are having foreign customers and do not have GSTIN. So there is no customer tax registration created for these customers. Export Invoic…
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Italy: can offset tax cover the requirement for self-invoice?Summary Italy: can offset tax cover the requirement for self-invoice?Content For some AP invoices (domestic invoices for certain industries, services extra EU ...), ther…
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How to set up WHTSummary How to set up WHTContent How to set up WHT . I am unable to select the business unit when creating WHT, this is because the setup was done to use " legal entity …
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Is there a plan to update the Federal Income Tax Types to reflect the new 1099 codes?Summary In 2020, the IRS changed the 1099 income tax types (e.g. MISC7 is now NEC1). Is there a plan to update these codes in the system?Content In 2020, the IRS changed… -
UK VAT reporting to HRMCSummary Can you please suggest workaround for uk vat reporting to HRMCVersion 21A (11.13.21.01.0)
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Upload Condition Sets for Tax Box Allocation RulesSummary Upload Condition Sets for Tax Box Allocation RulesContent Hi I am looking for an easy excel uploader for uploading the Tax Box Allocation Rules. I have a number …
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Tax rate code for only Tax JournalsContent Hi, We have requirement to define tax rate code only for Tax journals for Purchase and sales Transactions. This rate should not be used in any subledger.Please s…
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sales tax to be based on alternate locationContent My requirement is that I want the tax to be based on state and county mentioned in alternate address for the location . So how should I configure my tax/ tax rul…
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Question on Withholiding tax groupContent Hi I am trying to assign a Withholding Tax group to a supplier as default. However, i dont find any in the list of values. I created the Withholiding Tax Rates f…
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WHT applied only on the regular reverse charge tax and not the offset taxSummary WHT applied only on the regular reverse charge tax and not the offset taxContent Hi All, We have an EU implementation of taxes and where we have reverse charge a…
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Tax code updated in Invoice line level "Tax Classification" field but not reflecting in Tax SectionSummary Tax code updated in Invoice line level "Tax Classification" field but not reflecting in Tax SectionContent Tax code updated in Invoice line level "Tax Classifica…
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Processing of Tax RulesSummary Hierarchy of Tax Rules ProcessingContent Hi Team, Generally, we define, Tax Registration, Place of Supply, Tax Rate, Tax Status, Tax Applicability rules etc. can…
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how to enable VAT code to AR module once definedSummary how to enable VAT code to AR module once definedContent Hi Experts, We defined VAT code and enabled for AP/Expense module, customer is asking us to enable same c…
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Withholding tax and account for payment option at clearingSummary WHT tax invoice generation and WHT debt booking done at 2 different dates.Content Hello We are asked by our Romanian colleagues to implement Fusion WHT solution …
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Employee expense: Expense location in tax engineSummary Unable to use expense location entered in employee expense in tax engineContent We are implementing Oracle Expense modules in Oracle cloud. User selects expense …