What is Tax Structure in US, we set-up in E-business Tax of R-
12 or 11i?

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What is Tax Structure in US, we set-up in E-business Tax of R- 12 or 11i?..

Answer / tgs100

United States uses SALES and USE Tax. Taxes are applicable at Federal, state level, county level and city level. In EBusiness Tax, We need to create Regime to Rate setup.
1. Create a Regime - In this case, we can create one regime for US
2. Create Taxes. We can create different taxes for Federal, State, County and City. In this setup, control defaults are defined.
3. Create Jurisdictions for each Tax. For state tax, all the states in US will be jurisdictions.
4. Create Tax status and Tax rates.
5. Create Rules. Here we create the on what conditions, the rates are applicable. Ex. Based on bill to customer, balancing segment, etc
Note: In Oracle Fusion, there is a functionality called "Simulation" which can be used to test the tax setup. Once satisfied, we can enable the tax setup for actual transactions.

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What is Tax Structure in US, we set-up in E-business Tax of R- 12 or 11i?..

Answer / srinu

We can use EBT R12. For creating any tax

 

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What is Tax Structure in US, we set-up in E-business Tax of R- 12 or 11i?..

Answer / srinivas

We can use ebt for tax. In 11i don't have tax.

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