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E-Business Tax (MOSC)

Using jurisdictions to minimize Tax codes required

Nov 17, 2015 3:22AM edited Nov 17, 2015 3:23AM in E-Business Tax (MOSC)

We will be setting up a 2 new tax regimes , one for Canada and one for the US

We will alos be setting up Provincial and state Jurisdictions to accommodate different HST tax rates and State UseTax .

One current setups are based on r11i tax codes and due to the country based setups we have over 450 tax rate codes for Canada alone

scenario

We have 50+ companies in one ledger for Canada amd 10+ Companies in the US ledger.

Since we operate across canada we have differing tax rates by province.

HST NB, and HST NL HST On arer all at 13% whwere as HST BC is 12% and HST NS is 15%.

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