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Oracle EBS Tax Extreme Hacks
Oracle EBS Tax Extreme Hacks
AGENDA
Presenters
Extreme Hacks #1 Sept 16 11am EDT
Alex Fiteni Fiteni Enterprises
Tax SIG Chair & Moderator
And later this week .
Extreme Hacks #2 Sept 19 11am EDT
Andrew Bohnet eBiz Answers
eBTax SIG EU Chair
BIO
13.00
-8.00
5.00
Option #3 Gross Up the Tax Rate and recovery and use Offset tax
Pros Standard functionality and reporting in GL supported
Cons Distorts the nominal tax rates used in the calculation
STANDARD TAX
OFFSET TAX
CA GST HST RGM
TAX
CA GST HST TAX
GL Account for Ledger & Default Tax
Operating Unit
Recovery/Liability
Accounts
STATUS
RATE
%
GL Account
LE.000.00000.Accrual.000000.00000
RECOVERY
LE.000.00000.Recovery.000000
%
Recovery GL Account
How it works
Tax components and steps to make it work
Pre-Requisites Tax Regime, Tax, Status and Rates for
the Tax Jurisdiction(s)
Additional set Up for the Gross Up
Create a Tax Recovery Rate for the ratio of GST to grossed up
PVAT i.e. 5/21 or 23.81%
Create a Tax Rate Code for the grossed up rate
Assign the Tax Recovery Code to the Tax Rate Code
Create an Offset Tax, Status and Rate for 8%
Create an Offset Tax Recovery Rate for 100%
Create a Tax Rule to invoke the new Tax Rate Code
(e.g. a Determine Tax Rate Rule to test the value for the given Tax
Classification Code)
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Offset Tax
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Offset Status
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Benefits of Hack
Requirement
The design achieves the expected results and tax
reporting can be performed out of the GL
Configuration
All of the configuration is within eBtax
Maintenance
Updates are required for the Standard, Offset and
Recovery Period Rates
2013 Fiteni Enterprises Inc
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2013
OAUG Inc
Multi-National SIG
2013Fiteni
Enterprises
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Implementation considerations
Initial load
Loading supplier tax registrations can be automated
Loading tax rates and rules add to existing scripts
Maintenance
Supplier tax registration status may change from time to time and
will need to be updated or manual intervention in invoices will be
required
Changes in tax rates will need to also be made to the Offset Tax
Rate codes as well.
Reporting
All taxes, including offsets will be reported with tax account details.
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Self-Assessed
Requires a decision on each tax line
Not shown in Invoice Distributions window
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How it Works
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Tax Rules
Add Rate Rule
to each Tax
Add
conditions and
result for
condition if
TRUE
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100.00
5.00
5.00
5.00
105.00
Benefits of Hack
Configuration
Uses Standard Tax Functionality
Development
No custom development required
Maintenance
Tax Registration for each affected Supplier
Tax Registration for Legal Entity Establishment(s)
Maintain tax rates for Offset Tax Rate Codes
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Q&A
Contact Information
Extreme Hacks #1
Alex Fiteni CMA CPA
alex@fiteni.com
+1-604-902-2782
Extreme Hacks #2
Andrew Bohnet
andrew@ebizanswers.net
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