Receivables - EBS (MOSC)

MOSC Banner

R12.1.3 - Tax on Prepaid Packages

edited Jul 23, 2013 3:21AM in Receivables - EBS (MOSC) 1 commentAnswered
We are on R12.1.3. We use Deposit transactions for prepayments. In our business in Canada there is a requirement to assess tax at the time of sale. This results in tax having to be calculated and paid at the time of the prepayment and not when the services are consumed. To remedy this there needs to be a tax call on Deposit transactions, and rules setup, to not assess tax when the invoice is generated and applied against the deposit. Today this is all done manually and is causing our company a lot of work hours to remain compliant with

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center