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E-Business Tax : What does this seeded regime determination set do? (Doc ID 422699.1)

Last updated on MARCH 29, 2022

Applies to:

Oracle E-Business Tax - Version 12.0 to 12.0 [Release 12.0]
Information in this document applies to any platform.

Goal

Would you please explain logic below from E-Business Tax User's Guide a bit further?

Determine the regime determination set:
If the first party has a configuration owner tax option setup for the event class to which the transaction belongs, use the regime determination set assigned to this setup.

If not, use the seeded regime determination set Determine Applicable Regimes (TAXREGIME) or, for migrated data, Standard Tax Classification Code (STCC). If the regime determination set is STCC, then E-Business Tax uses a different process to determine applicable taxes. 

What does this seeded regime determination set do?

Solution

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In this Document
Goal
Solution
References

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