How to Setup and Troubleshoot a Product Fiscal Classification (Inventory Based) Tax Rule in R12 E-Business Tax (EBTax)
(Doc ID 1107666.1)
Last updated on JULY 12, 2022
Applies to:
Oracle E-Business Tax - Version 12 and laterOracle Receivables - Version 12.2.3 to 12.2.3 [Release 12.2]
Oracle General Ledger - Version 12.2.6 to 12.2.6 [Release 12.2]
Information in this document applies to any platform.
Goal
E-Business Tax (EBTax) Information Center > Rules > How Tax Determining Factors Work in R12 E-Business Tax > Note 1107666.1
What steps are required to create a Product Fiscal Classification Tax Rule in R12 E-Business Tax (EBtax)?
Solution
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In this Document
| Goal |
| E-Business Tax (EBTax) Information Center > Rules > How Tax Determining Factors Work in R12 E-Business Tax > Note 1107666.1 |
| Solution |
| 1. What is a Product Fiscal Classification (Inventory Based)? |
| 2. What is a Determining Factor? |
| 3. Create an Inventory Category and assign to an inventory item |
| a. Create A Value Set |
| b. Create Values for the Value Set |
| c. Create a New Inventory Category |
| d. Add the Values as Valid Category Codes |
| e. Create the Inventory Category Set |
| f. Assign the Category to an Inventory Item |
| 4. Create a Product Fiscal Classification Based Upon The Item Category |
| 5. Create a rule based on the Product Fiscal Classification |
| a. Create a Determining Factor Set |
| b. Create a Condition Set |
| c. Create an Expert Rule |
| 6 Test the Rule |
| 7. Multi-Level Setup |
| 8. Multi-Segment Item Categories |
| 9. Additional Examples of Rules using Product Fiscal Classifications |
| 10. Critical Patching Recommendation |
| 11. Basic Troubleshooting |
| a. Third Party Tax Engine(Vertex/Taxware) |
| b. Check Setup |
| c. Review Reported Defects (Bugs) |
| References |