How TAX is handled in version 14? (RMS, ReIM, POS, ReSA)

Hi All,

How tax is handled in Version 14?

As I know in Version 13.0.2 VAT functionality was handled as following

1. Set system_options.vat_ind = 'Y'
2. Create tax region (VAT region)
3. Create tax code (VAT code)
4. Assign tax rate to tax code (VAT rate)
5. Assign VAT region to store/wh
6. Assign VAT region to dept/class
7. Assign VAT region to supplier sites
8. Item will have retail value inclusive of VAT%
9. POS will have selling unit retail as retail + VAT
10. At the time of PO receiving VAT on receiving location will be applied to items
11. AT the time of invoice creation, If receiving location and supplier belong to same VAT region then only VAT rate will be applied otherwise VAT rate will be considered as zero.