Br.100 Financial R12 Eb-Tax Application S

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BR.100 FINANCIAL R12

EB-TAX APPLICATION SETUP
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Location : White papers\EBT \Oracle EB Tax Setup
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Contents
Document Control...................................................................................................................ii
Setup eB-Tax: Define Tax regimes........................................................................................5
Setup eB-Tax: Define Taxes....................................................................................................7
Setup eB-Tax: Define Tax Status.........................................................................................11
Setup eB-Tax: Define Tax Jurisdictions..............................................................................13
Setup eB-Tax: Define Tax Recovery Rates.........................................................................16
Setup eB-Tax: Define Tax Rates...........................................................................................17
Setup eB-Tax: Define Tax Rules (Defaults)........................................................................21
Setup eB-Tax: Define Product Classification.....................................................................23
Setup eB-Tax: Define Party Classification.........................................................................25
Setup eB-Tax: Define Party Tax Profiles............................................................................26
Setup eB-Tax: Customer Account Site Business Purpose Tax Details..........................39
Setup eB-Tax: Define Tax Determining Factor Sets.........................................................40
Setup eB-Tax: Define Tax Condition Sets..........................................................................41
Open and Closed Issues for this Deliverable....................................................................42

Open Issues......................................................................................................................42
Closed Issues...................................................................................................................42

Doc Ref:
This document has been prepared based on the current setups done in Test instance. This document may undergo changes if there are any changes in the setups. In the
following sections, only two taxes (‘VAT 5% R’ and ‘VAT 5%’) have been taken for illustration purposes. In the test instance, there exists other tax also.

Doc Ref:
Setup eB-Tax: Define Tax regimes

eBusiness TAX>Tax Configuration>Tax Regimes
SOFT Process: Business Area: Date:
Common Financials E-Btax 12.2.5 May 01, 2017
Control Number: Priority(H, M, L): Process Owner:
1.0 <Priority (H, M, L)>
<Tax Regime>
Country =
Tax Regime Code Regime VAT Regime Level Country
Tax Regime Name Regime VAT Effective from 01-Jan-2018
Regime Country Effective to
Parent Regime Code Used to group Regimes N
Controls:
Allow Tax Recovery Y Allow Tax Exemptions Y

Allow Override and Entry of Inclusive Tax Y Allow Tax Exceptions Y
Lines
Defaults:
Tax Currency OMR Exchange Rate Type Corporate

Minimum Accountable Unit 0.01 Reporting Tax Authority
Rounding Rule Nearest Collecting Tax Authority
Tax Precision 2 Default Recovery Settlement
Allow Tax Inclusion Use Legal Registration Number N
Allow Multiple Jurisdictions N
Allow Tax Rounding Override Y

Doc Ref:
Configuration Options
Party Name Party Type Address Country Configuration for Configuration for Effective Effective To
(OU) Name Taxes and Rules Product Exceptions
From
SOFT SOFT Common Configuration with Common Configuration 01-Jan-2017
Party Overrides

Doc Ref:
Setup eB-Tax: Define Taxes

eBusiness TAX>Tax Configuration>Taxes
Following is an illustrative example of tax ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled) and ‘VAT 5%’ (where ‘Allow Tax Recovery’ flag is not enabled).
Tax No. 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)

Tax Regime Code = 'REGIME VAT R’
Tax Regime Code REGIME VAT R Override Geography Type
Configuration Owner Global Configuration Owner Tax Currency OMR
Tax VAT 5% R Minimum Accountable Unit 0.01
Tax Name VAT 5% R Rounding Rule Nearest
Tax Type VAT Tax Precision 3
Effective from 01-Jan-2017 Exchange Rate Type Corporate
Effective to Compounding Precedence
Geography Type COUNTRY Reporting Tax Authority
Parent Geography Type COUNTRY Collecting Tax Authority
Parent Geography Name Applied Amount Handling Recalculated
Make Tax Available for Y Set as Offset Tax N
transactions
Set Tax for Reporting Purposes N
Only
Controls:
Allow Tax Inclusion Allow Entry of Manual Tax Lines Y

Allow Override and Entry of Y Use Legal Registration Number N
Inclusive Tax Lines
Allow Tax Rounding Override Y Allow Duplicate Tax Registration N
Numbers
Allow Override of Calculated Y Allow Multiple Jurisdictions N
Tax Lines
Tax Accounts Controls:
Tax Accounts Creation Method Create Tax Accounts

Doc Ref:
Tax Regime Code = 'REGIME VAT R’
Tax Exceptions/Exemptions Controls:
Allow Tax Exemptions Y Tax Exemptions Creation Method Create Tax

Exemptions
Allow Tax Exceptions Y Tax Exemptions Source
Tax Recovery Controls:
Allow Tax Recovery Y Primary recovery Type STANDARD

Allow Tax Recovery Rate Y Default Primary Recovery Rate VAT 5% R
Override Code
Allow Primary Recovery Rate N Secondary recovery Type
Determination Rules
Allow Secondary Recovery Rate N Default Secondary Recovery Rate
Determination Rules Code
Defaults:
Allow Tax Rate Rules N Default Recovery Settlement

Tax Reporting Codes
Tax Reporting Type Code Data Type Reporting Code Description Effective Effective
From To
REPORTING_STATUS_TRAC Yes/No Y Yes 01-Jan-2017
KING Indicator
Tax Accounts:
Main Information Ledger SOFT

Operating Unit SOFT
General Tax Accounts Tax Expense
Interim Tax
Tax Recoverable/Liability 0.184009.0.0.0.0.97.0.0
Accounts for Receivables Activities Finance Charge Tax Liability
Earned Discounts (Non-Rec)
Unearned Discounts (Non-Rec)
Adjustment (non-Rec)
Earned Discounts
Unearned Discounts
Adjustment
Financial Charges

Doc Ref:
Tax No. 2 - ‘VAT 5% ’ (where ‘Allow Tax Recovery’ flag is not enabled)
Tax Regime Code = SOFT REGIME VAT
Tax Regime Code REGIME VAT Override Geography Type
Configuration Owner Global Configuration Owner Tax Currency OMR
Tax VAT 5% Minimum Accountable Unit 0.01
Tax Name VAT 5% Rounding Rule Nearest
Tax Type VAT Tax Precision 3
Effective from 01-Jan-2017 Exchange Rate Type Corporate
Effective to Compounding Precedence
Geography Type COUNTRY Reporting Tax Authority
Parent Geography Type COUNTRY Collecting Tax Authority
Parent Geography Name Applied Amount Handling Recalculated
Make Tax Available for Y Set as Offset Tax N
transactions
Set Tax for Reporting Purposes N
Only
Controls:
Allow Tax Inclusion Allow Entry of Manual Tax Lines Y

Allow Override and Entry of Y Use Legal Registration Number N
Inclusive Tax Lines
Allow Tax Rounding Override Y Allow Duplicate Tax Registration N
Numbers
Allow Override of Calculated Y Allow Multiple Jurisdictions N
Tax Lines
Tax Accounts Controls:
Tax Accounts Creation Method Create Tax Accounts
Tax Exceptions/Exemptions Controls:
Allow Tax Exemptions Y Tax Exemptions Creation Method Create Tax

Exemptions
Allow Tax Exceptions Y Tax Exemptions Source
Tax Recovery Controls:
Allow Tax Recovery N

Defaults:
Allow Tax Rate Rules N Default Recovery Settlement

Doc Ref:
Tax Regime Code = SOFT REGIME VAT
Tax Reporting Codes

Tax Reporting Type Code Data Type Reporting Code Description Effective Effective
From To
REPORTING_STATUS_TRAC Yes/No Y Yes 01-Jan-2017
KING Indicator
Tax Accounts:

Operating Unit SOFT
Interim Tax
Earned Discounts
Unearned Discounts
Adjustment
Financial Charges

Doc Ref:
Setup eB-Tax: Define Tax Status

eBusiness TAX>Tax Configuration>Tax Status
Tax Status 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)

Tax Code = REGIME VAT R
Tax Regime Code REGIME VAT R Effective from 01-Jan-2017

Configuration Owner Global Configuration Owner Effective to
Tax VAT 5% R Set as Default Tax Status Y
Tax Status Code VAT 5% R Default Status Effective From Y
Tax Status Name VAT 5% R
Controls:
Allow Tax Rate Override Y

Allow Tax Exceptions Y
Tax Status 2 - ‘VAT 5% ’ (where ‘Allow Tax Recovery’ flag is not enabled)

Doc Ref:
Tax Code = REGIME VAT
Tax Regime Code REGIME VAT Effective from 01-Jan-2017

Configuration Owner Global Configuration Owner Effective to
Tax VAT 5% Set as Default Tax Status Y
Tax Status Code VAT 5% Default Status Effective From Y
Tax Status Name VAT 5%
Controls:

Allow Tax Exceptions Y

Doc Ref:
Setup eB-Tax: Define Tax Jurisdictions

eBusiness TAX>Tax Configuration>Tax Jurisdictions
Tax Jurisdiction 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)

Tax Code = VAT 5% R
Tax Jurisdiction Code VAT 5% R Geography Name
Tax Jurisdiction Name VAT 5% R Inner City Jurisdiction N
Tax Regime Code REGIME VAT Precedence Level 300
Tax VAT 5% R Tax Accounting Source Jurisdiction Code
Geography Type COUNTRY Tax Exemption Source Jurisdiction Code
Parent Geography Type COUNTRY Reporting Tax Authority
Parent Geography Name Collecting Tax Authority
Effective from 01-Jan-2017
Effective to
Default Tax Jurisdiction Settings:
Set as Default Tax Jurisdiction Y Effective from 01-Jan-2017

Effective to
Associated Jurisdiction Tax Rates:
Configuration Owner Tax Status Code Tax Rate Code Tax Rate Type
Tax Accounts:

Operating Unit SOFT
Interim Tax

Doc Ref:
Tax Code = VAT 5% R

Earned Discounts
Unearned Discounts
Adjustment
Financial Charges
Tax Jurisdiction 2 - ‘VAT 5% ’ (where ‘Allow Tax Recovery’ flag is not enabled)
Tax Code = VAT 5% R
Tax Jurisdiction Code VAT 5% Geography Name
Tax Jurisdiction Name VAT 5% Inner City Jurisdiction N
Tax Regime Code REGIME VAT Precedence Level 300
Tax VAT 5% Tax Accounting Source Jurisdiction Code
Geography Type COUNTRY Tax Exemption Source Jurisdiction Code
Parent Geography Type COUNTRY Reporting Tax Authority
Parent Geography Name Collecting Tax Authority
Effective from 01-Jan-2017
Effective to
Default Tax Jusidiction Settings:
Set as Default Tax Jurisdiction Y Effective from 01-Jan-2017

Effective to
Associated Jurisdiction Tax Rates:
Configuration Owner Tax Status Code Tax Rate Code Tax Rate Type
Tax Accounts:

Operating Unit SOFT

Doc Ref:
Tax Code = VAT 5% R

Interim Tax
Earned Discounts
Unearned Discounts
Adjustment
Financial Charges

Doc Ref:
Setup eB-Tax: Define Tax Recovery Rates

eBusiness TAX>Tax Configuration> Tax Recovery Rates
The following is an illustrative example.
Tax Recovery Rate - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)
Tax Code = VAT 5% R
Tax Regime Code REGIME VAT Tax Regime Name REGIME VAT
Configuration Owner Global Configuration Owner Rate Type Recovery
Tax VAT 5% Tax Name VAT 5% R
Tax Recovery Rate Code VAT 5% R
Recovery Type Standard
Default Tax Jurisdiction Settings:
Percentage Recovery Rate 100 Effective From 01-Jan-2017

Set as Default Rate Y Default Effective From 01-Jan-2017
Allow Ad Hoc Rate Y
Tax Accounts:

Operating Unit SOFT
Interim Tax
Earned Discounts
Unearned Discounts
Adjustment

Doc Ref:
Tax Code = VAT 5% R

Financial Charges

Doc Ref:
Setup eB-Tax: Define Tax Rates

eBusiness TAX>Tax Configuration>Tax Rates
Common Financials E-B Tax 12.2.5 May 1, 2017
Tax Rate 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)
Tax Regime Code: REGIME VAT Tax Regime Name REGIME VAT
Tax: VAT 5% R Tax Name VAT 5% R
Tax Status Code: VAT 5% R Tax Status Name VAT 5% R
Tax Rate Code: VAT 5% R Configuration Owner: Global Configuration Owner
Tax Jurisdiction Code: Tax Jurisdiction Name
Tax Rate Type: Percentage
Rate Periods
Percentage Rate 5%
Effective From 01-Jan-2017
Effective To
Reporting Details:
Tax Rate Name: Tax Rate Description

Tax Transaction Type
Tax Reporting Codes:
Tax Reporting Type Code: Effective from:

Data Type: Effective to:
Reporting Code: Description:
Recovery Rate Details:
Default Recovery Rate Code: Rule Code of Recovery Rate:

Recovery Type: Default Recovery Settlement:
Offset Rate Details:
Offset Rate Code Tax of Offset Rate

Doc Ref:
Other Details:
Set as Default Rate: Y Allow Tax Exemptions Y

Effective from: 01-Jan-2017 Allow Tax Exceptions Y
Effective to: Allow Ad Hoc Rate Y
Allow Tax Inclusion: N Adjustment for Ad Hoc Amounts Taxable Basis
Allow Override and Entry of Inclusive Tax Y
Lines
Tax Accounts:

Operating Unit SOFT
Interim Tax
Earned Discounts
Unearned Discounts
Adjustment
Financial Charges
Tax Rate 2 - ‘VAT 5% ’ (where ‘Allow Tax Recovery’ flag is not enabled)
Tax Regime Code: REGIME VAT Tax Regime Name REGIME VAT
Tax: VAT 5% Tax Name VAT 5%
Tax Status Code: VAT 5% Tax Status Name VAT 5%
Tax Rate Code: VAT 5% Configuration Owner: Global Configuration Owner
Tax Jurisdiction Code: Tax Jurisdiction Name
Tax Rate Type: Percentage
Rate Periods
Percentage Rate 5%

Doc Ref:

Effective To
Reporting Details:
Tax Rate Name: Tax Rate Description

Tax Transaction Type
Tax Reporting Codes:
Tax Reporting Type Code: Effective from:

Data Type: Effective to:
Reporting Code: Description:
Recovery Rate Details:
Default Recovery Rate Code: Rule Code of Recovery Rate:

Recovery Type: Default Recovery Settlement:
Offset Rate Details:
Offset Rate Code Tax of Offset Rate

Other Details:
Set as Default Rate: Y Allow Tax Exemptions Y

Effective from: 01-Jan-2017 Allow Tax Exceptions Y
Effective to: Allow Ad Hoc Rate Y
Allow Tax Inclusion: N Adjustment for Ad Hoc Amounts Taxable Basis
Allow Override and Entry of Inclusive Tax Y
Lines
Tax Accounts:

Operating Unit SOFT
Interim Tax

Doc Ref:
Earned Discounts
Unearned Discounts
Adjustment
Financial Charges

Doc Ref:
Setup eB-Tax: Define Tax Rules (Defaults)

eBusiness TAX>Tax Configuration>Tax Rules (Defaults)
Tax Rules - ‘VAT 5% R’

Tax Defaults
Configuration Owner: Global Configuration Owner
Tax Regime Code: REGIME VAT
Tax: VAT 5% R
Rule Type:
Configuration Event Rule
Name Owner Default Class Order Determining Factor Set
Direct Tax Rate Determination:
Determine Place of Supply: Bill To
Determine Tax Applicability: Not Applicable
RULE FOR VAT 5% R Global Configuration 1 SRO (‘Enabled’ - Yes)
Owner
Determine Tax Registration: Bill to Party
Determine Tax Status: VAT 5% R
Determine Tax Rate: VAT 5% R
Determine Taxable Basis: STANDARD_TB
Determine Tax Amounts: STANDARD_TC
Determine Recovery Rate:

Doc Ref:
Tax Defaults
Configuration Owner: Global Configuration Owner
Tax Regime Code: REGIME VAT
Tax: VAT 5%
Rule Type:
Configuration Event Rule
Name Owner Default Class Order Determining Factor Set
Direct Tax Rate Determination:
Determine Place of Supply: Bill To
Determine Tax Applicability: Not Applicable
RULE FOR VAT 5% Global Configuration 1 SRO (‘Enabled’ - Yes)
Owner
Determine Tax Registration: Bill to Party
Determine Tax Status: VAT 5%
Determine Tax Rate: VAT 5%
Determine Taxable Basis: STANDARD_TB
Determine Tax Amounts: STANDARD_TC
Determine Recovery Rate:

Doc Ref:
Setup eB-Tax: Define Product Classification

eBusiness TAX>Products>Product Classifications
This is presently not applicable. The following are illustrative examples:
Inventory Category Set: STATISTICAL_CODE

Product Classification Source: Oracle Inventory
Fiscal Classification Type Code: STATISTICAL_CODE
Name: Statistical Code
Effective from: 13-Jan-2007
Effective to:
Associated Regimes:
Used in
Regime Code Name item exceptions Effective from Effective to
Fiscal Classification Codes:
Fiscal Classification Code

Name
Inventory Category Set: FISCAL_CLASSIFICATION

Product Classification Source: Oracle Inventory
Fiscal Classification Type Code: FISCAL_CLASSIFICATION
Name: Fiscal Classification Code

Doc Ref:
Effective to:
Associated Regimes:
Used in
Regime Code Name item exceptions Effective from Effective to

Name

Doc Ref:
Setup eB-Tax: Define Party Classification

eBusiness TAX>Parties>Party Classification
<Party Classification Types> - The following is an illustrative example. This is presently not applicable.
Tax Code =
Party Classification: VENDOR TYPE
Fiscal Classification Type Code: SUPPLIER_TYPE

Name: Supplier Type
Effective to:
Associated Regimes:
Regime Codes Name Effective from Effective to
Fiscal Classification Code Name Effective from Effective to

Doc Ref:
Setup eB-Tax: Define Party Tax Profiles

eBusiness TAX>Parties>Party Tax Profiles
Party Type : First Party Legal Entity
Party No. 1 -
Tax Code =
Party Type First Party Legal Entity
Party Name
Address
Country Name
Main TAB
Main Information
Set for Self-assessment/Reverse Charge No
Tax Classification
Default Control s
Rounding Level Header
Rounding Rule Up
Set Invoice Values as Tax Inclusive No
Classifications

Doc Ref:
Associated Legal Classification

Business Activity Type
Business Activity Code
Code Description
Associated Fiscal Classifications

Fiscal Classification Type Code
Fiscal Classification Name
Effective From
Effective To
Tax Reporting Codes Tab
Tax Reporting Type Code

Data Type
Reporting Code
Description
Effective From
Effective To
Regime Configuration Options Tab
Tax Regime Code

Name
Country Name
Configuration for Taxes and Rules
Configuration for Product Exceptions
Effective From
Effective To
Party No. 2 - SOFT

Doc Ref:
Tax Code =
Party Type First Party Legal Entity
Party Name
Address
Country Name
Main TAB
Main Information
Tax Classification
Default Control s
Rounding Rule Up
Classifications

Code Description

Effective From
Effective To

Doc Ref:

Data Type
Reporting Code
Description
Effective From
Effective To
Configuration Options Tab
Tax Regime Code REGIME VAT

Name REGIME VAT
Country Name
Configuration for Taxes and Rules Common Configuration with Party Overrides
Configuration for Product Exceptions Common Configuration
Effective To
Party Type : First Party Legal Establishment
Party No. 1 -
Tax Code =
Party Type First Party Legal Establishment
Party Name
Address
Country Name
Main TAB

Doc Ref:
Main Information
Set for Self assessment/Reverse Charge No
Tax Classification
Default Control s
Roundling Level Header
Rounding Rul e Up
Tax Registrations
Regime Code
Tax
Tax Jurisdiction Code
Registration Number
Issuing Tax Authority
Active
Classifications

Code Description

Effective From
Effective To

Data Type

Doc Ref:
Reporting Code
Description
Effective From
Effective To
Party No. 2 - SOFT

Tax Code =
Party Name
Address
Country Name
Main TAB
Main Information
Tax Classification
Default Control s
Rounding Rule Up
Tax Registrations
Regime Code
Tax
Registration Number
Active

Doc Ref:
Classifications

Code Description

Effective From
Effective To

Data Type
Reporting Code
Description
Effective From
Effective To
Party Type: Tax Authority
Party - SOFT
Tax Code =
Party Name
Address
Country Name

Doc Ref:
Main TAB
Main Information
Tax Classification
Default Control s
Rounding Rule Up
Tax Registrations
Regime Code
Tax
Registration Number
Active
Classifications
Effective From
Effective To

Doc Ref:

Data Type
Reporting Code
Description
Effective From
Effective To
Party Type: Third Party
Tax Code =
Party Type Third Party
Party Name XYZ Ltd.
Main TAB
Main Information
Allow Tax Applicability No
Allow Offset Taxes No
Default Controls
Rounding Rule Up
Tax Registrations

Doc Ref:
Default Reporting Country Name
Default Reporting Tax Registration Type
Default Reporting Registration Number
Regime Code
Tax

Registration Number
Active
Classifications
Effective From
Effective To
Tax Exemptions
Tax Regime Code

Tax
Status
Rate Code
Certificate Number
Reason Code
Jurisdiction Code
Item

Doc Ref:
Data Type
Reporting Code
Description
Effective From
Effective To
Account Tax Details
Account Tax Details

Account Number
Accounting Description
Rounding Level
Rounding Rule
Note: A single example of “Third Party” Type of party Tax profile has been provided for illustration purposes.
Party Type: Third Party Site
Tax Code =
Party Type Third Party Site
Party Name ZZZ Ltd
Party Site Name Site 1
Address ………
Country
Main TAB

Doc Ref:
Main Information
Allow Tax Applicability No
Allow Offset Taxes No
Default Control s
Rounding Rule Up
Tax Registrations
Default Reporting Country Name
Default Reporting Tax Registration Type
Default Reporting Registration Number
Regime Code
Tax

Registration Number
Active
Classifications
Effective From
Effective To
Tax Exemptions
Tax Regime Code

Tax
Status

Doc Ref:
Rate Code
Certificate Number
Reason Code
Jurisdiction Code
Item

Data Type
Reporting Code
Description
Effective From
Effective To

Doc Ref:
Setup eB-Tax: Customer Account Site Business Purpose Tax Details

Account Tax Details
Operating Unit SOFT
Account Number 123456
Account Description ZZZ Ltd.
Site Number 1076
Business Purpose BILL_TO
Tax Registration Number 111111
Rounding Level Line
Rounding Rule Nearest
Tax Classification VAT 15%
Geography Type Classification
Note: A single example of ‘Third Party Site’ Type of ‘Party Tax Profile’ has been provided for illustration purpose.

Doc Ref:
Setup eB-Tax: Define Tax Determining Factor Sets

eBusiness TAX>Advanced Setup Options>Tax Determining Factor Sets
Tax Determining Factor Set 1 – Following is an illustrative example

Tax Code =
Tax Determining Factor Set: FS
Name: FS
Set Usage: Tax Rules
Ledger:
Regime Code:
Associated Tax Determining Factors:
Determining Factor Class Class Qualifier Determining Factor Name Required

Transaction Input Factor Tax Classification Code Y

Doc Ref:
Setup eB-Tax: Define Tax Condition Sets

eBusiness TAX>Advanced Setup Options>Tax Condition Sets
The following are illustrative examples:
Tax Condition Set 1 - VAT 5% R CONDITION SET (for ‘VAT 5% R’ where ‘Allow Tax Recovery’ flag is enabled)
Tax Code =
Tax Condition Set: VAT 5% R CONDITION SET
Name: VAT 5% R CONDITION SET
Determining Factor Set: SRO
Determining Factor Set Name SRO
Country:
Determining Factor Class Class Qualifier Determining Factor Name Operator Value/From Range To Range Ignore
Condition
Transaction Input Factor Tax Classification Code Equal To VAT 5% R No
Tax Condition Set 2 - ‘VAT 5% ’ (where ‘Allow Tax Recovery’ flag is not enabled)
Tax Code =
Tax Condition Set: VAT 5% CONDITION SET
Name: VAT 5% CONDITION SET
Determining Factor Set: SRO
Determining Factor Set Name SRO
Country:
Determining Factor Class Class Qualifier Determining Factor Name Operator Value/From Range To Range Ignore
Condition
Transaction Input Factor Tax Classification Code Equal To VAT 5% No

Doc Ref:
Open and Closed Issues for this Deliverable
Open Issues
ID Issue Resolution Responsibility Target Date Impact Date
Closed Issues
ID Issue Resolution Responsibility Target Date Impact Date

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BR.100 FINANCIAL R12

Date Author Version Change Reference

Copy No. Name Location

File Ref: 399467450.doc Document Control ii

Setup eB-Tax: Define Tax regimes........................................................................................5

Setup eB-Tax: Define Taxes....................................................................................................7

Setup eB-Tax: Define Tax Status.........................................................................................11

Setup eB-Tax: Define Tax Jurisdictions..............................................................................13

Setup eB-Tax: Define Tax Recovery Rates.........................................................................16

Setup eB-Tax: Define Tax Rates...........................................................................................17

Setup eB-Tax: Define Tax Rules (Defaults)........................................................................21

Setup eB-Tax: Define Product Classification.....................................................................23

Setup eB-Tax: Define Party Classification.........................................................................25

Setup eB-Tax: Define Party Tax Profiles............................................................................26

Setup eB-Tax: Customer Account Site Business Purpose Tax Details..........................39

Setup eB-Tax: Define Tax Determining Factor Sets.........................................................40

Setup eB-Tax: Define Tax Condition Sets..........................................................................41

Open and Closed Issues for this Deliverable....................................................................42

File Ref: 399467450.doc Document Control ii

File Ref: 399467450.doc Document Control ii

Setup eB-Tax: Define Tax regimes

Allow Tax Recovery Y Allow Tax Exemptions Y

Tax Currency OMR Exchange Rate Type Corporate

File Ref: 399467450.doc Document Control ii

File Ref: 399467450.doc Document Control ii

Setup eB-Tax: Define Taxes

Tax No. 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)

Allow Tax Inclusion Allow Entry of Manual Tax Lines Y

Tax Accounts Creation Method Create Tax Accounts

File Ref: 399467450.doc Document Control ii

Tax Regime Code = 'REGIME VAT R’

Tax Exceptions/Exemptions Controls:

Allow Tax Exemptions Y Tax Exemptions Creation Method Create Tax

Tax Recovery Controls:

Allow Tax Recovery Y Primary recovery Type STANDARD

Allow Tax Rate Rules N Default Recovery Settlement

Main Information Ledger SOFT

File Ref: 399467450.doc Document Control ii

Allow Tax Inclusion Allow Entry of Manual Tax Lines Y

Tax Accounts Creation Method Create Tax Accounts

Tax Exceptions/Exemptions Controls:

Allow Tax Exemptions Y Tax Exemptions Creation Method Create Tax

Tax Recovery Controls:

Allow Tax Recovery N

Allow Tax Rate Rules N Default Recovery Settlement

File Ref: 399467450.doc Document Control ii

Tax Regime Code = SOFT REGIME VAT

Tax Reporting Codes

Main Information Ledger SOFT

File Ref: 399467450.doc Document Control ii

Setup eB-Tax: Define Tax Status

Tax Status 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)

Tax Regime Code REGIME VAT R Effective from 01-Jan-2017

Allow Tax Rate Override Y

File Ref: 399467450.doc Document Control ii

Tax Code = REGIME VAT

Tax Regime Code REGIME VAT Effective from 01-Jan-2017

Allow Tax Rate Override Y

File Ref: 399467450.doc Document Control ii

Setup eB-Tax: Define Tax Jurisdictions

Tax Jurisdiction 1 - ‘VAT 5% R’ (where ‘Allow Tax Recovery’ flag is enabled)

Set as Default Tax Jurisdiction Y Effective from 01-Jan-2017