Receivables - EBS (MOSC)

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What is the significance of creating a tax profile For Operating Unit for the Receivables setup?

edited Apr 27, 2017 3:18PM in Receivables - EBS (MOSC) 2 commentsAnswered

We are not using EBTax yet we are getting the below error while creating a receivables activity. I found the solution in 419019.1

Error: Please define a party tax profile for operating unit &ORG_ID

Can somebody throw some light on the significance of this setup?

Thanks,
Shankar

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