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EBTAX: Tax is Rounding Up Even Though the Setup is Set to the Nearest (Doc ID 1280087.1)

Last updated on OCTOBER 25, 2018

Applies to:

Oracle Receivables - Version 12.1.1 and later
Oracle E-Business Tax - Version 12 and later
Information in this document applies to any platform.

Symptoms

Created a Sales Order and the the tax rounds up to higher unit, instead of nearest unit.

Example: 12.554 should be 12.55 but it shows up as 12.56

The tax is setup as follows:
Rounding = NEAREST
Precision = 2
Minimum Accountable = 0.01

Cause

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In this Document
Symptoms
Cause
Solution

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