R12: How To Create A Tax Formula That Caps Taxable Basis
Last updated on NOVEMBER 16, 2017
Applies to:Oracle E-Business Tax - Version 12.0 and later
Information in this document applies to any platform.
How to create a Tax Formula that caps the Taxable Basis of a line to a certain amount.
For example in US, the Tennessee Single Article Tax calculates tax up to $1600 per article. Apparently this type of rule can't be set up in a Tax Formula. How should this be set up in this case.
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