Event Adjustment Calculates 1/3 Tax Amount When There Are 3 Jurisdictions
Last updated on SEPTEMBER 26, 2016
Applies to:Oracle Communications Billing and Revenue Management - Version: 188.8.131.52.0 to 184.108.40.206.0 - Release: 7.4.0 to 7.4.0
Information in this document applies to any platform.
Adding the following user defined tax rate in taxcodes_map:
IEIVA : U : 3.00 : 01/01/10 : 01/01/20 : Cou : MX:Mexico : IEPS del 3% : Std
IEIVA : U : 11.00 : 01/01/10 : 01/01/20 : Sta : IVA11 : Iva del 11% : Tax
IEIVA : U : 16.00 : 01/01/10 : 01/01/20 : Sta : IVA16 : Iva del 16% : Tax
1. Create an account with a Monthly Cycle Forward product which has event time tax with tax code IEIVA (say MCF charge is $100).
2. See tax is applied.
3. On Balance tab, Bill in progress, navigate down to the cycle forward item. Do "Adjust Selected Events". Give $100 credit, including tax in the adjustment.
From Event Browser, Event Adjustment -> Tax Jurisdictions, observe the tax gross amount for the 3 taxes is 33.33 each.
When there is only two taxes, the gross amount is 50 each.
Expect the gross amount is the full adjustment amount $100.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms