we have percent based tax codes..now there is a need for fixed amount based tax codes
Hi
We are on 12.0.6
for applying tax on Purchase order lines, we have set up different tax codes in Oracle Tax administration module and we apply on each PO line by going on manage tax on Purchase order and then select the required code from there.
For example tax code with 16%, another with 17%, another with 18% and so on
so if a line has 20 qty and unit price of 3..line total amount would be 60..if we apply the tax code of 16%, the tax for this line would be 9.6
now there is a need to make tax codes which are fixed in amount..in our country, tax on steel is fixed per ton
We are on 12.0.6
for applying tax on Purchase order lines, we have set up different tax codes in Oracle Tax administration module and we apply on each PO line by going on manage tax on Purchase order and then select the required code from there.
For example tax code with 16%, another with 17%, another with 18% and so on
so if a line has 20 qty and unit price of 3..line total amount would be 60..if we apply the tax code of 16%, the tax for this line would be 9.6
now there is a need to make tax codes which are fixed in amount..in our country, tax on steel is fixed per ton
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