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JENOGVAT Norwegian VAT Reconciliation Report: Discrepancies Between Entered Rate And Calculated Rate (Doc ID 334625.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Financials for EMEA - Version 11.5.10.0 to 11.5.10.2 [Release 11.5]
Information in this document applies to any platform.
JENOGVAT.rdf

Symptoms

In the Norwegian VAT Reconciliation Report output there is a discrepancy between values printed under column "Entered rate (%)" and "Calculated Rate (%)"

Example:

if taxable amount is 17,85 and defined tax rate is 25% then the amount of calculated taxes is:
17,85 * (25/100) = 4,4625   rounded by the system to 4,46

In the output JENOGVAT you will have:
Entered Rate % = 25,00%
Calculated Rate % = (4,46/17,85)*100  = 24,985994... => 24,99%

Cause

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In this Document
Symptoms
Cause
Solution


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