My Oracle Support Banner

R12: AP/ZX: Tax Precision is not Calculating as Expected Based on the Defined Setup (Doc ID 2375488.1)

Last updated on JULY 06, 2023

Applies to:

Oracle E-Business Tax - Version 12.1.1 and later
Oracle Payables - Version 12.1.1 and later
Information in this document applies to any platform.


There is a credit balance of 0.01 in Clearing Account, because  some rounding issues caused as the taxable amount has 2 decimal places instead of 4.

Actual Configuration:

1. Go to Tax Manager\Tax Regime
1.1 Query the Regime and confirm the precision that has been defined for it,
Tax Precision defined as 4 in Tax Regime.

2. Then go to tax tab and confirm the tax precision defined in there,
Tax Precision is defined as 4 in Tax.

3. Allow Tax Inclusion is Standard Inclusive Handling.
Number of Decimals for Currency = 2
Rounding Rule is Round Nearest




To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!

In this Document

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.