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E1: 42: Using Standard EnterpriseOne Functionality to Track Medical Device Excise Tax (MDET) (Doc ID 1512730.1)

Last updated on MARCH 12, 2021

Applies to:

JD Edwards EnterpriseOne CRM Sales Order Entry
JD Edwards EnterpriseOne Sales Order Entry
JD Edwards EnterpriseOne Sales Order Processing
JD Edwards EnterpriseOne Sales Order Management
Information in this document applies to any platform.

Purpose

In the United States of America, the Internal Revenue Service issued a new regulation for Medical Device Excise Tax (MDET) effective January 1, 2013. This document discusses Oracle JD Edwards EnterpriseOne’s approaches to handle (MDET) using existing functionality. 

Scope

 

Details

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In this Document
Purpose
Scope
Details
 Medical Device Excise Tax Overview
 Functional Approaches
 Tax Processing
 Solution Approach
 Example of Tax Setup
 Example of Tax on Sales Orders
 Example of Tax on Credit Orders
 Example of Tax on Rebates
 Advanced Pricing
 Solution Approach
 Example of Advanced Pricing Setup
 Example of Advanced Pricing on Sales Orders
 Example of Sales Invoice
 Example of Sales Update
 Example of Tax Adjustment on Credit Orders
 Reporting
 Solution Approach
 One View Reporting
 Custom Reports
 Summary
References

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