IDR VAT Recognition
Summary:
Hi Experts,
We are currently validating VAT handling in Intelligent Document Recognition (IDR) for Oracle Cloud Payables, specifically for invoices with varying tax structures such as 0%, 5%, and mixed VAT rates.
Our requirement is for IDR to accurately recognize and extract VAT details from supplier invoices and enable successful 2-way/3-way matching against Purchase Orders (PO) on a net-to-net basis. The system should correctly:
- Recognize and capture VAT percentages (0%, 5%, and mixed rates) from the invoice
- Split tax amounts accurately across invoice lines
- Match the invoice with the PO based on net amounts (excluding tax)
- Ensure the total invoice amount (including VAT) is correctly validated
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