Tax based on Sales Threshold

Summary: Sales Tax Based on Sales Thresholds

Content (please ensure you mask any confidential information): How to setup Sales Thresholds for Tax Calculation based on Sales Amount Threshold or Number of Transactions Limit? In US some states have this rule where if an out of state sellers' gross receipts exceeds $100000 or does transactions of 200 or more in an year, then tax should be calculated. Example is given below.

As an e-commerce seller, you will need to collect sales tax in Illinois if you have:

Gross receipts of $100,000 or more or 200 or more transactions in Illinois (economic nexus)

Version (include the version you are using, if applicable): Oracle Fusion Cloud