How To Setup Withholding Tax To Exclude Tax Amount From Calculation?
(Doc ID 2317813.1)
Last updated on MAY 29, 2023
Applies to:
Oracle Fusion Tax Cloud Service - Version 11.13.17.09.0 and laterInformation in this document applies to any platform.
Goal
How To Setup Withholding Tax To Exclude Tax Amount From Calculation?
E.g. : Invoice line = 1000, which is subjected to 7% Tax and 3% withholding tax.
Expected withholding tax amount is 30.
However, right now, the system calculate tax amount as 1070 x .03 = 32.1 which is incorrect.
Solution
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In this Document
Goal |
Solution |