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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 MAY 20, 2024

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.

Goal

How to calculate tax using specific tax rate in an AR Sales Invoice based on AR Transaction Type ?

Expectation:
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'

Solution

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In this Document
Goal
Solution


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