The Financial Tax Register Calculates the Taxable Amount for Foreign Currency Credit Memo Differently than Expected When the Exchange Rates are Different (Doc ID 1504462.1)

Last updated on NOVEMBER 13, 2012

Applies to:

Oracle Receivables - Version 11.5.10.2 to 12.2 [Release 11.5.10 to 12.2]
Oracle E-Business Tax - Version 12 to 12.2 [Release 12.0 to 12.2]
Information in this document applies to any platform.
RXARPFTR - Financial Tax Register
RXARPTEX - RX-only: Financial Tax Register

Symptoms

Financial Tax Register shows a different taxable amount than expected for Credit Memos that are created in Foreign currency.

Steps to Reproduce:
Create a link credit memo against an invoice (Line amount = 14922 and Tax amount 3730.5)
Invoice has been created against exchange rate 7.4334
Credit Memo has been created with exchange rate as 7.4513
Financial Tax Register is showing the taxable amount (-27,797.07) with exchange rate 7.4513 and taxable amount (-110,921.19) with exchange rate as 7.4334

Expectation is the Taxable Amount to be 14922 X 7.4513 = 111,188.30

Cause

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