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Description of Japan FY2007 Tax Reform Patches (Doc ID 459965.1)

Last updated on SEPTEMBER 24, 2019

Applies to:

Oracle Assets - Version 11.5.8 and later
Information in this document applies to any platform.
Information in this document applies to any platform.

Goal

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This is for Japan FY2007 Tax Reform.

New tax reforms have been implemented in Japan with an effective date of 1st April 2007.  These reforms significantly impact the methods used for depreciation of assets in Japan and provide new guidelines on calculation and treatment of depreciation for assets.

There are 3 phased patches for this reform.

Phase Target Release Release Date & Patch Feature
Phase1 11.5.8 or later release

End of August, 2007 (Released)

6192649 : PRE-REQ PATCH FOR JAPAN TAX 2007 PROJECT

6314319 : 1OFF:5930979: JapanTax Reform 2007 - Phase 1

-Availability of the 2 new depreciation methods for assets acquired on or after 1st April 2007:
--New STL method
--New 250% Declining Balance method
Phase2 11.5.8 or later release TBD Japanese Depreciable Assets Tax Reporting
Phase3 11.5.8 or later release End of November, 2007 (Planned) -Extended depreciation feature for fully reserved assets which were acquired before 31st March 2007
-Other Enhancements

Solution

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In this Document
Goal
Solution
References

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