How to Calculate Tax Using Specific Tax Rate in a AR Sales Invoice Based on AR Transaction Type ?
(Doc ID 2702061.1)
Last updated on MARCH 04, 2022
Applies to:Oracle E-Business Tax - Version 12.1.3 and later
Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
How to calculate tax using specific tax rate in an AR Sales Invoice based on AR Transaction Type ?
1. Tax Classification Code - 'TRX TYPE RATE_A' (Tax Rate @ 5%) should apply on AR Sales Invoice when AR Transaction Type - 'Inv-Consult-East' is used in the transaction.
2. Default Tax Rate - 'TRX RATE' (Tax Rate @ 10%) should apply when AR Sales Invoice is created with any AR Transaction Type other than AR Transaction Type - 'Inv-Consult-East'
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