Oracle Service Contracts – How To Calculate Contract Tax Using Tax Code Effectivity Dates
(Doc ID 1676700.1)
Last updated on NOVEMBER 01, 2022
Oracle Service Contracts - Version 12.1.3 and later Information in this document applies to any platform.
The tax rate and its effectivity can change over the duration of a contract. Hence, service organizations need to provide an accurate picture of the estimated tax that may be incurred on the contract. Prior to Release 12.1.3+, the application calculated the estimated tax based on the line/ sub line start date. With Release 12.1.3+, Oracle Service Contracts provides users with an option to calculate tax at contract billing schedule level thereby considering the changes in tax rate effectivity at that level.
This document explains the new functionality and how to implement it.