E1: 04: California – Sales and Use Taxes Using 4 Decimal Positions
(Doc ID 1935776.1)
Last updated on MAY 31, 2016
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.1 to 9.1 [Release 9.1]
Information in this document applies to any platform.
STATE OF CALIFORNIA BOARD OF EQUALIZATION - BOE-230-M (5-14) advises that a partial exemption from sales and use taxes at the rate of 4.1875% from July 1, 2014 to December 31, 2016, and at the rate of 3.9375% from January 1, 2017 to June 30, 2022.
The E1 Work With Tax Rate/Areas/P4008 only allows 3 decimal positions. This will lead to incorrect Sales and Use tax calculation to meet this requirement.
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