Tax Calculation
Discussion List
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Do we need a Vertex Accelerator/Oracle Accelerator ?Summary: Do we need a Vertex Accelerator/Oracle Accelerator to calculate taxes on Fusion when it has to get the taxes from Vertex( Third Party Tax system) . Could this n… -
how to default a VAT Tax Rate on AP/AR invoice coming from Inter-CompanyRequirement is that when EU transactions come to AP or AR from the Inter-Company track, then a VAT Tax Rate should automatically get defaulted and calculated on those tr…
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"Instrução Normativa RFB Nº 2141 DE 22/05/2023""Instrução Normativa RFB Nº 2141 DE 22/05/2023" :trabalha no sentido de beneficiar o contribuinte fazendo o cálculo por tabela progressiva e por desconto simplificado e …
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Input Service Distributor (ISD) ImplementationOrganization Name (Required - If you are an Oracle Partner, please provide the organization you are logging the idea on behalf of): Safexpress Private Limited Descriptio…
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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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Intercompany Receivables tax automatically copy on Payables invoiceI have two tax regimes: PL_VAT and DE_VAT, and two business units: HEI PL BU and HEI DE BU. Both tax regimes are currently subscribed to both business units. When I crea… -
Is it possible for Oracle to automatically calculate taxes and add an expected amount to the result?The withholding tax applicable to taxable payments made by natural or legal persons, partnerships, organized communities, and undivided estates—arising from employment, …
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How to upload the geography hierarchy as value in Manage tax rules spreadsheetWe have created 'Manage Tax Condition Sets' and the determinant factor is 'Geography'. We have the condition based on county and city in United States. The issue is, whe…
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How to design Tax Rule for Sales order when warehouse belong to another BUSummary: Tax Rule design for Sales order when warehouse belong to another BU Business Unit - Singapore Business Unit Warehouse from where shipment is happening - Malaysi…
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Tax Estimation on Contract InvoicesWhen billing on a Project Contract, we are seeing that in Tax Regimes that we use Tax Classification Codes, we can use the "Calculate Tax" button from the Actions menu a… -
Discrepancies in the amount of Posted Tax Amount in the Tax Reconciliation ReportWe are trying to generate Tax reconciliation Report through schedule process. When we click on OK to start the Report process, we have to fill in some process details li…
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Configuration workbook Spain and Poland localizationSummary: Configuration workbook Spain and Poland localization Content (please ensure you mask any confidential information): Does anyone have any configuration workbook …
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Reverse Charge AR InvoiceSummary: Reverse Charge SELF AR Invoice without Accounting Content (please ensure you mask any confidential information): Business would like to create Reverse charge SE… -
Tax Configuration FAQHi, Below are the taxes configured; My expectation is below in AR scenario; Amount charged from customer = 1000 Service Charge (Defined as a tax ) 10% = 100 Amount appli…
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WHT Threshold Lim 50 Lakhs per party in a year Setup, but system is calculating WHT below thresholdSummary: WHT Threshold Lim 50 Lakhs per party in a year Setup, but system is calculating WHT below threshold also. how to check? Content (please ensure you mask any conf…
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How to create taxable journal with lines without taxes?Summary: Taxable journal requires, each entry line to be related with tax line (linked, or calculated) It is obvious, that when creating any journal, not all lines will …
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unable to calculate withholding tax for rent paymentSummary: Tax withholding on Rent Payment Scenario: Let's say we have 12 lac annual rent which makes 1 lac per month. But, the practice in Pakistan for calculating the ta…
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Retainage Release Invoice – Incorrect Tax Inclusive ComputationWe are encountering an issue with retainage release invoices. Based on the attached screenshot, when the retainage release is entered as tax inclusive, system is adding … -
Tax Only Invoice - RecoverableThe tax determination process applies the tax rate on a taxable basis. The default taxable basis formula assigned to the tax is used for tax calculation. This is usually… -
Can we default the value for the VAT ID (First Party Tax Registration) field for specific BU's?We would like to have this field defaulted only for specific BUs. In case this is still not feasible, is it possible to default a specific value into this field (per BU)…
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Tax zone configuration not working as expectedHello we are trying to define Northern Ireland as a new tax zone and define a tax rule so that whenever the ship to location has the Northern Ireland address the rate pi…
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Where can the Point Of Acceptance or Point of Order Origin (POA and POO) be found in AR TransactionsSummary: In the factor sets, under Geography, there are tax qualifiers of 'Point of acceptance' (POA) and 'Point of origin' (POO). I see tax vendors e.g. Avalara use fie…