Tax Calculation on Purchasing Requisitions

In the system two Tax Statuses are defined: GRSTD having rates: 6.5

                                                                             GRRED having rates: 5

 

In the Purchasing application Tax Options the Defaulting Order is “Item”.

 

We have defined a Product Classification and assigned specific inventory items to it.

 

Then, we defined a Tax Determining Factor Sets having as Associated Tax Determining Factors:

Associated Tax Determining Factors

 

Determining Factor Class

Class Qualifier

Determining Factor Name

Required

Accounting

Flexfield Segment 1

Line Account

No

Product - Inventory Linked

Inv Tax Group

No

 

Then, we created a Tax Condition Set having as Tax Conditions the following:

 

 

Determining Factor Class

Class Qualifier

Determining Factor Name