AP: R12: Tax amount is Not Rounded to Nearest Level When Tax is Set to Round to Nearest Level at Tax and Regime Level (Doc ID 2073818.1)

Last updated on OCTOBER 03, 2017

Applies to:

Oracle Payables - Version 12.0.0 and later
Oracle E-Business Tax - Version 12.0.0 and later
Information in this document applies to any platform.
This is not happening for all Suppliers

Symptoms

In Oracle Payables, Tax is setup to be rounding to UP level  even that the rounding is setup  to Nearest level at Tax Regime and Tax level.
Expecting tax to be rounded to Nearest level based on the tax rate setup.

 

E.g.

Taxable Amount is 15,105.60 and Tax Rate is 19% 

Tax Amount 2870.064 

As per Nearest Rule, tax amount should be rounded to 2870.06
where as system is rounding that tax amount to 2870.07 which is UP level rounding.

Cause

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