Oracle Receivables Customer - Tax - Exemption ‘How to create Tax Exemption: ‘Navigate to Tax Manager > Parties > Party Tax Profiles ‘Query the specific Customer (make sure the party type is ‘Third Party’) Baty Tax Paes Pay Type ret a deegees [ at nae RR ‘as egevatn nner [—— es exrtynine [— (ood ee ee ae eee Tara PA a ‘Now click on ‘Update Profile’ | pany tax Profies Panes Poy Ts rons > Paty Tan Pete > ary Tox Profle: PAUL cy typ ted Party tyme PAIR Mii TaxRegtraons | chnsitications [Exemption | Tax Reporting Cades | Account Ta Ota foi Contra ‘pate oe tinal tn on agate rec of pr ry. odegten [asseeS] —Sktimoce Yan a Tac eke panargrubo [i> =] Tasca tamaay Tr roe > Pry a Foser > Upl Pay Tr Pele > (Gowet] (Greate Another] [Aeoi] Fe Toe ic raty exynune pak emotion te ‘creme nmee [——_Taarntenncace [—__ cortenon [Gee ——a] see corcaen [——_ aretseae [rime —al = [——— ne ee eats ee miata try | @ eR coco ae cere Tatetacon frees ——— Se eseiae tances fir toe Se Sampras [EGS S] “Dnata Pec [7 Enter all the details shown above Here the rate entered Discount / Surcharge %: 50 and click on Apply Actual rate is 15 %, Discount %: 50, New rate: 15 * 50/100 =7.5 %Enter all the details shown above Here the rate entered Discount / Surcharge %: 50 and click on Apply Actual rate is 15 %, Discount *: 50, New rate: 15 * 50/100=7.5 % When there are no Tax Exemptions, the tax rate is 15 % and below is the example ease ‘sey ARS dae (A oie fo <—@ apes Sia ‘Sin (nea) Too Arce teen (Oh Lat ay AA Pina 13,043.48 * 15/100 = 1,956.52 We will enter a Transaction, to see the how Tax Exemptions work im FEED ow see 111,627.91°7.5% = 8.372.09