Last updated on MARCH 08, 2017
Applies to:Oracle Financials for EMEA - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Israel Localizations for AP
Transactions not appearing on Israeli AP VAT Report (JEILAPVR) after mandatory tax rate change.
The rate change was legal demand in Israel from 1/9/2012.
Customer recently changed the VAT rate in Israel from 16 to 17% and to do this they end dated the original rate and added a new rate after the end date of the original.
Original rate 16% 01-Jan-1998 09-Sep-2012
New rate 17% 10-Sep-2012
Now at month end they have run the VAT reports via the EMEA selection process and any transactions that have an accounted date after the 09-Sep-12 are not included in the AP VAT report. They are appearing in the GL but not in the IL AP VAT report.
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