My Oracle Support Banner

Precedence Not Working When Enabled In A Withholding Code Group (Doc ID 2682770.1)

Last updated on OCTOBER 23, 2020

Applies to:

Oracle Fusion Tax Cloud Service - Version 11.13.20.04.0 and later
Information in this document applies to any platform.

Symptoms

On creating a Withholding Tax Classification (i.e. Withholding group)with two withholding tax codes in Manage Withholding Tax Classifications, along with precedence, the calculation was done on the entire taxable amount.

E.g.

I have the code RATE1 + RATE2 where:
RATE1 = 10% (precedence 1)
RATE2 = 20% (precedence 2)
If the amount of the invoice line is 100, then expected calculation should be:

- tax for RATE1 = 100 * 10 %= 10
- tax for RATE2 = 20 * (100-(100*10%))% = 18

But this is not happening, and both the taxes calculate on 100, and amounts are coming as :

- tax for RATE1 = 100 * 10 % = 10
- tax for RATE2 = 100 * 20%  = 20

Changes

 

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.