hi

1.the precedence of NBT will be 1 and VAT will be 2

2.define a tax formula for taxable basis  for the VAT

3.compounding tax will be NBT in the formula (enforce can be no)

4. set this formula as default taxable basis formula for VAT

5. Default tax calculation formula will be the standard oracle formula

.Now calculate the tax , it will be compounded.

we had implemented this solution to our client and it is working fine for them

Hello Lakshman,

 

Thanks for your input.

 

We are in a bit of bother as we are trying to implement EBS Tax for the first time for our client Rocell Group (Sri lanka).  We are not getting actual solution as we had raised many SRs. We have done the required setup but can not control the tax selection in the PO or SO.

 

 But I would request you if you can provide me some good document on EBS Tax , then I can fix some issues. Points 1

a) Can we add multiple formula in the tax rule?

b) How we can create Tax Rule (Guided / Expert)? From the Oracle document, I find it bit difficult to understand.

c) Can we select a particular Tax in a Purchase Order or Sales Order which is one of the the requirement (say 12% VAT)? 

User  are unable to select a particular (12 % VAT )  Tax from the 'Manage Tax'  window in the 'Additional tax information' in the Purchase Order .

 

d) We have also attached a specific tax  in the 'Input Tax Classification Code' in the Item (Purchasing) tab, when we create a Po with the same item, the atatched tax in the Item

 is not coming in the Puchase order,instead all the taxes are getting defaulted in the Puchase order.

 

Waiting for your input.

 

Thanks

 

Sugnick

 

 Regarding d) , if you are using the Tax Classification code then you need to define Direct Determination rules for your Regime and Tax > create a Determination Set : Factor Class Transaction Input Factor , Factor Name Tax Classification Code
> create a Condition Set per Tax Classification Code : use the set created above
> add each condition set created above to the Direct Tax Rate Determination rule