E1: 52: Enable Retainage Control by Tax Authority
(Doc ID 2433498.1)
Last updated on FEBRUARY 03, 2019
Applies to:JD Edwards EnterpriseOne Contract and Service Billing - Version 9.2 and later
Information in this document applies to any platform.
Currently in the Contract Master, it is possible to use the Retainage Control Flag to defer tax on retainage amounts. However, there is no way to have different retainage rules by tax authorities within the Tax Rate/Area F4008 setup. The retainage control flag is set at the contract level, therefore when invoicing is done, the rule (defer or not defer retainage) will apply to the fill tax amount; the system does look at the different tax authorities under the F4008.
The request is to add the ability to have different retainage control by tax authority rather than the full tax amount. This would add flexibility in the event state/province tax laws on retainage are different than federal tax retainage laws.
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