Query on Tax Inclusive Prices in BRM

(Doc ID 2228927.1)

Last updated on FEBRUARY 07, 2018

Applies to:

Oracle Communications Billing and Revenue Management - Version and later
Information in this document applies to any platform.


On : version, Taxation

The user needs to support the tax inclusive pricing as a regulatory requirement. As of today, the pricing is tax exclusive, and BRM calculates real time tax via a call to Vertex. The tax is recorded as a separate balance impact in the charged event and accordingly reported in the invoice and GL.

The new country's requirement is that customers will be presented a tax inclusive price for the offerings. However, rest of the functionality (reporting of tax in the invoice and GL) must remain as is. E.g. if a product is configured to charge 11$ (tax inclusive), user should have capability of breaking this into pre-tax (10$) and tax (1$) assuming the 10% tax rate. The breakup of net amount to pre-tax and tax amounts will be provided by GST/Vertex. However, user needs the capability in BRM to record these impacts post the breakup.

Please suggest if BRM supports this capability. If not, is there any road-map to support this in future? Please also help with your suggestion on how to customize BRM to support this (if possible at all)?


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