Tax Calculation
Discussion List
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Different AP and AR Tax Code on Intercompany TransactionSummary: We would like to use different tax codes on the Intercompany AR invoice and Intercompany AP invoice. We are aware that a new 22C feature (https://www.oracle.com… -
Is it compulsory to complete tax setup to import OBN Invoice sent with 2 diff lines for item and taxSummary: For a client, suppliers are sending invoices with item details and tax in separate lines. Tax is currently not configured and invoices are getting rejected whil…
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Reduce RateI need the following: Reduce Rate Scenario: Taxable Basis = Line Amount x (Rate x Reduced Rate Percentage) Example: Line Amount = 10000 Rate = 5% Reduced Rate Percentage…
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How can you change the VAT code on the credit memo when it is created from an invoice?How can you change the VAT code on the credit memo when it is created from an invoice? Although I can change the Tax Classification in the Lines, when I recalculate the … -
Will Accounting impact changed when intended use changes from Recoverable tax to Non-Recoverable taxWill Accounting impact changed when intended use changes from Recoverable tax to Non-Recoverable tax
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Is there any possibility to evaluate Taxes for two different regions on a single expense lineIs there any possibility that two different regions' taxes will be implemented on a single expense line?
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WHTax is not calculated when using Tax Rate that is not a defaultSummary Tax is not automatically calculated in invoice line if tax rate used is not the default one and is displaying error "The default tax rate for tax BR IRRF, tax st…
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PO matched invoices after VAT changeSummary: What is the best practice when handling PO matched invoices after VAT rate change? Content (please ensure you mask any confidential information): Example 2023 V… -
Tax variance in Purchase order and InvoiceSummary: VAT Tax rate is 15% until 31st Dec 2023 It will be changed from 1st Jan 2024 onwards to 18%. According to my scenario Purchase orders that have been created bef… -
ARGENTINA - SICORE. REPORTING OF WITHHOLDINGS IN ACCOUNTS PAYABLESummary: what is the structure that this report should handle according to your country reg Content (required): Argentina SICORE, what is the structure that this report …
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Tax Rules are not getting applied as per the rule order defined in the Tax Rate RulesSummary: Hi Team, I have 2 tax rules for AP invoices. Rule:1 > Tax will be applied when tax rates are selected in tax classification code in ap invoice line. Rule order …
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Tax Calculation in PO based on Item category,Supplier Registration status & GeographyBusiness requirements is PO Tax needs to be calculated based on Item Category, Supplier Tax Registration Status & Geography. Configured all the Tax setups but no tax cal…
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How can configured diferent tax under same legal entity different busne unitSummary: We have a customer with one Legal Entity but 6 different business units 4 BU using recovery tax at 100% with 11 tax rate percentage 1 BU using recovery tax 0% w… -
AP Invoice: Item is not taken into consideration for Tax calculationSummary: AP Invoice: Item is not taken into consideration for Tax calculation Content (please ensure you mask any confidential information): Hello, We have configured a …
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NOTE:1347993.1 - How To Use Fusion Tax Simulator is missing, is there any alternative note for this?Summary: Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): Code Snippet (add any code snippets t…
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Has anyone setup partial exemption UK vat reporting from Fusion?Summary Content (please ensure you mask any confidential information): Version (include the version you are using, if applicable): 23D Code Snippet (add any code snippet…
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Withholding tax to be calculated on the 90% of the invoice line amountSummary: Content (please ensure you mask any confidential information): Withholding tax rate percentage defined at the tax rates to considered for calculation on the 90%… -
22D - Can we have multiple Bill From addresses for the same Legal entity for AR Tax CalculationSummary: Business Scenario We are looking for Tax Regime Determination using Default tax regime determination set – TAXREGIME and applicability based on Place of supply …
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How to not self assess tax for foreign supplier invoices?Summary: We do not want to self assess VAT tax when a foreign supplier provides services in Mexico. We have a Tax Registration Rule setup for this scenario with a result…
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How to Install Avalara AvaTax Integration with Oracle FusionWe wanted to know how the Avalara Avatax can be integrated with oracle Fusion. Can we use Azure Middleware or OCI for that Integration. What will be the Pre-requisites s…
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can we calculate tax for Manual JV posted using the Adjustment Category ( Not a Event related JV)Summary: Here business requirement is Tax should be calculated on Manual JV created in Oracle Fusion General Ledger module. Is it possible that, Tax can be calculated at…Pritam Khatu-189662 13 views 1 comment 0 points Most recent by Baidehi Nanda–Support-Oracle Tax & Global
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How to exclude tax @Item LevelSummary: HI Experts Do we have option to exclude TAX @ Item level so that system should not calculate tax on that Items in P2P & O2C Cycle Please advise Thanks Content (…
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Tax Rates created not show the Tax classification code set assignmentsSummary: We create the tax rates and when start we assigne the Tax classification code set assignments But after saving we go to check them assigned but now it shows emp…
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Automatic derivation & calculation of Tax classification code on PO when the supplier is filledSummary: When the user links a supplier on purchase order, the associated supplier's tax classification should be loaded, and the corresponding taxes automatically calcu…Marisol Pensado-Oracle 84 views 1 comment 0 points Most recent by Elena-Cristina Staniloiu-Oracle Tax & Global
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Tax calculation based on original invoiceSummary: Sales Order is created with tax calculation according Sales Order date. After a few months the Customer returns the goods and it is necessary to issue an Entry …
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Tax on Tax - Can we have Tax rule to calculate tax on taxSummary: Tax on Tax - Can we write rule Tax rule to calculate tax on tax. Content (required): Example: Item : Rs 1000 Tax : Rs 180 (18%) --------------- 1180 Tax 11.80 (…
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1099 Filing with part year transaction in Oracle Cloud and other part in legacy PeopleDoftSummary 1099 Filing with part year transaction in Oracle Cloud and other part in legacy PeopleDoftContent We have the following scenarios and appreciate if someone can s…
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China Golden Tax - Customer site level split and merge optionSummary: Customer wise split and merge Scenario => Invoice of 1 lac amount 1) For Customer A, need to split by 50K -> should create 2 Golden tax invoices 2) For Customer…
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How to create a single VAT code for use with ad'hoc ratesSummary: We often find ourselves having to create VAT codes for ad'hoc VAT rates due to composite transactions that process through source systems but need to be interfa… -
Tax on Intercompany ModuleSummary: Tax calculation on Intercompany Module Content (required): We have requirement to calculate tax on intercompany invoice between two Legal Entities. In our curre…