Tax Error Upon Approving Purchase Orders and Requisitions - The System Could Not Determine a Valid Recovery Rate For The Tax Regime
Last updated on MAY 08, 2017
Applies to:Oracle Purchasing - Version 12.1.3 and later
Information in this document applies to any platform.
Using Oracle Purchasing - upon trying to approve the purchase order, errors are occurring which are related to the tax configuration.
1. Purchase Order is created.
2. Submitted for Approval
3. Error occurs
An error occurred during tax calculation. Please correct the problem or contact your system administrator.
Your transactions have been saved. Tax will be recalculated when the document is submitted for Approval.
Choose OK - see the following error:
The system could not determine a valid Recovery Rate for the Tax Regime REGIME_NAME, Content Owner #####, Tax TAX_CODE, Recovery Type STANDARD and Recovery Rate Code RECOVERY_RATE.
Please contact your Tax Administrator to ensure that a valid Recovery Rate is defined for this Regime, Content Owner, Tax, Recovery Type and Recovery Rate Code.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms