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What is the correct way to configure Canada VAT?

edited May 18, 2017 12:35PM in Financial Management - PSFT (MOSC) 2 commentsAnswered ✓

What is the "correct" way to configure AP for Canada VAT?

We currently have three VAT taxes configured for each Province.  We configure Goods and Services tax (GST), Provincial Sales Tax (PST), and Harmonized Sales Tax (HST) for each Province.  HST is the default tax rate and we 'back into' the GST/PST values for Provincial reporting.  There is one VAT line per voucher line.

We are transitioning a department from Oracle financials to PeopleSoft financials.  Our counterparts expect to see two VAT lines per voucher line; GST and PST.  Is it possible to configure PeopleSoft to create two separate VAT lines? 

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