Tax Calculation: How Are the Rounding Level and Rounding Rules Determined in R12? (Doc ID 471410.1)

Last updated on JANUARY 25, 2017

Applies to:

Oracle E-Business Tax - Version 12.0.1 and later
Oracle Payables - Version 12.1.3 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.

Goal

The Rounding Precedence Hierarchy indicates the order in which E-Business Tax looks for the Rounding Level and Rounding Rule to use for calculating tax.
It retrieves a Rounding Level and a Rounding Rule to perform rounding operations on the calculated tax amount.

How are the Rounding Level and Rounding Rules determined in Release 12?

Solution

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