How To Define Journal Entry Actions For Tax On Deals Principal Amount For IG Deal (Doc ID 1152056.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version 11.5.10.2 to 12.1.3 [Release 11.5 to 12.1]
Information in this document applies to any platform.

Goal


Q1: How to define/configure TAX on Principal payment amount on IG deals?
Q2: In the work around you suggested to create a Exposure Deal. Following are my requirements:
1) Need to withhod the tax amount(I can calculate the tax amount manually) from the Intercompany payment
2) Withhoded amount need to be paid to the Government of the Receiving Company.
3) Accounting needs be completed in both Paying and Receiving Company.
4) There should be some link of the transactions of Principal Payments/Receipts and Tax withholdings.

Solution

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