Withholding Tax Setup In Oracle Apps Update Tax Accounts
Withholding Tax Setup In Oracle Apps Full Or Partial

Oracle Inventory - Set up Inventory-based product fiscal classification types using Oracle Inventory category sets.

Assign to users responsible to setup and maintaining tax configuration data - Tax Administrator: Assign this responsibility to users who will provide E-Business Tax technical setup and support services.

Oracle Tax Simulator: Assign to users responsible to test tax setups.

See document Designing Custom Responsibility (Document to follow).

These setup tasks include: Legal Entities and Establishments - Set up legal entities and establishments to represent the first parties and tax authorities involved in your tax transactions.

Lookup Codes - Set up lookup codes for E-Business Tax lookup types.

Inventory Item Category Sets and Categories - Set up Inventory item categories for the items involved in your tax transactions.

You associate Inventory item categories with product fiscal classifications to use in tax determination.

TCA Party Class Categories and Codes - Set up TCA classifications to create tax-related categories to classify third parties for tax purposes.

Tax Configuration Complete the E-Business Tax setup tasks to create a basic tax configuration for each of your tax regimes.

A basic tax configuration contains the data applicable to the taxes belonging to a tax regime.

The tax configuration setup tasks are: Tax Authority Party Tax Profiles - Set up a party tax profile for each tax authority involved in your transaction taxes.

Tax Regimes - Set up tax regimes in each country and geographical region where you do business and where a separate tax applies.

First Party Legal Entity Party Tax Profiles - Set up a party tax profile for each first party legal entity involved in your transaction taxes.

When you first set up the party tax profile, set up configuration options for the tax regimes associated with the party.

Configuration Options - Set up configuration options to associate tax regimes with first parties.

Service Subscriptions and Exclusions - Where applicable, set up service subscriptions and service exclusions to use the tax services of external service providers for tax calculation.

Taxes - Set up a record for each of the taxes belonging to a tax regime.

Tax Reporting Codes - Set up tax reporting types and tax reporting codes to capture additional tax information on transactions for your tax reports, and apply them to the entities that you want to report on for each tax.

Tax Jurisdictions - Set up tax jurisdictions for each tax to identify the geographical locations where the tax authority levies the tax.

Withholding Tax Setup In Oracle Apps Full Or Partial

Tax Recovery Rates - Set up tax recovery rates for each tax for full or partial recovery of taxes on transactions.

Withholding Tax Setup In Oracle Apps Update Tax Accounts

Tax Accounts - Where applicable, enter or update tax accounts for each tax recovery rate.

Tax Accounts - Where applicable, enter or update tax accounts for each tax rate.

Fiscal Classification System Complete the E-Business Tax setup tasks for fiscal classifications, if you intend to use fiscal classifications in the creation of tax rules for tax determination.