Tax Exemptions Setup
In the User Guide says that is possible to define Exemptions for a Customer regarding the applicability of a specific Tax.
What happen when is the Legal Entity (the company) that is Exempt of the pay of a Tax? Is the exemption managed via the statuses definition?
Example: Company ABC is implementing Oracle and is exempted of VAT but needs to report to the tax authority the amounts associated with the exempted tax amounts. How can the company get that information from the system? Defining a specific tax status for the tax ´VAT Exempted' or is it possible to defined exemptions for the Company ABS as well for his customers?