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R12: How To Create A Tax Formula That Caps Taxable Basis (Doc ID 1499829.1)

Last updated on MAY 10, 2021

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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