R12 Changes In Interest Tax Rate Not Reflecting In Whole Sale Term Money Transaction Details (Doc ID 1081772.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version: 12.1.2 - Release: 12.1
Information in this document applies to any platform.

Goal

Changes in Interest tax rate not reflecting in whole sale term money transaction details

Create a whole sale term money spreading on two years say on 01-Jan -2009 and applied a interest rate tax of 10% with half yearly interest payment frequency. Now Tax rate is changed to 12% on 15-Jan-2010 and tax on interest due on 01-Jul-2010 should be calculated at 12% but its still showing tax deducted at rate of 10%.

Solution

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