Multiple tax regimes assigned to single LE
my client are embarking on an R12 re-implementation project.
Currently they have one OU/LE/SOB but are responsible to report to many tax authroities (Australia, NZ, US and Canada). All ground work to submit their business activity statements to the tax legislative authorities is done via account analysis in the GL.
In R12 they have many LEs to a single ledger (AUD) but only one LE is transactional. Is it possible to set up the E-tax to ahve multiple regimes (AU, NZ, US etc) assignd to one LE only? Can I setup E-Tax to derive the correct tax regime against to determine the appropriate tax code at transaction entry? Can the rules cater for this?