This note was authored to document the steps required to adjust the taxable basis used when calculating tax. The scenario used in documenting the solution outlined in this note stems from Case Study <Note 577996.1> on setting up tax for Canada. More specifically the example is based upon the need to adjust the taxable basis for Quebec and Prince Edward Island when applying PST tax so that it includes the line amount + GST.
The steps used in this note can be followed as a general guideline for any taxable basis adjustment with modifications as needed. Refer to the above mentioned case study to see more details about the Regime to Rate setup surrounding this example.
Note: No tax rules are being evaluated when entering tax lines manually. The standard formula is used for manual tax lines Tax Amount = Taxable Basis * Tax Rate.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!