Tax Calculation
Discussion List
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Taxable Basis = Line Amount x Number coefficient of an integer and four decimalsTaxable Basis = Line Amount x Number coefficient of an integer and four decimals Number coefficient of an integer and four decimals Number coefficient of an integer and … -
How to setup a tax rule for I/C transaction with Zero Tax RateSummary: How to setup a tax rule for I/C transaction with Zero Tax Rate Content (required): Hello I was wondering if you can share with me how to setup a tax rule for I/…
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Default tax rate not appearing in tax rule default in "Manage Taxes"Hi We created a tax rate under the regime and made it the default tax rate. Still the same rate is not appearing under "Default tax rules" in Manage Taxes setup. Thanks
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Requirement to configure Non recoverable tax only for one Legal EntitySummary: Hi All, We have the current tax configuration to calculate taxes in a non recoverable way. However, there is a requirement that for a particular legal entity ta…
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How do you disable Tax Rate Override in Invoice creation?Business wants to disable the Tax Rate Override drop-down in Invoice level to avoid risk of changing the default tax. Default tax rate was assigned at the Supplier level…
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tax is not calculated automaticallySummary: tax is not calculated automatically, only manually Content (required): I can see the taxes, both in the simulation and in the invoice, but not to apply them AUT…
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No tax Calculated on the basis of Province.I hope you are doing great, I am facing an issue regarding the Province tax setup which is calculated only on FBR transactions but not in other provinces on PO. I have c…
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Fusion 23D: Receivables REST API IssueSummary: Oracle is creating a duplicate tax line while creating AR transaction using REST API. In the input payload we are sending Tax Line information and Avalara Tax P…
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WHT is not automatically calculated for CITY-specific Tax RateCould you help me check what's wrong/missing in the configuration? Business requires set-up of ISS tax for the following cities: Barueri Sao Paulo Current Set-up: Regime…
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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…
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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 … -
Tax calculation based on LE for same BUHI All, We have multiple Legal Entity for Portugal and tax PT VAT and PT VAT MADEIRA for both the LEs is set up in same tax regime code PT VAT. Tax applicability for PT …
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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…