R12: Ebtax: Implementing and Using Tax Recovery in R12 E-Business Tax (EBTax) (Doc ID 735991.1)

Last updated on JANUARY 25, 2024

Applies to:

Oracle E-Business Tax - Version 12.0 and later
Oracle Payables - Version 12.1.3 to 12.1.3 [Release 12.1]
Oracle Payables - Version 12.2.9 to 12.2.9 [Release 12.2]
Information in this document applies to any platform.

Purpose

EBTax Information Center > EBTax Features (Setup & Troubleshooting) > Recoverable Taxes > Note 735991.1.1

This document is a supplement to the release 12 E-Business Tax User Guide.

Scope

This document attempts to summarize the use of Recoverable Taxes in release 12 E-Business Tax.
Recoverable taxes are also known as Rebates and Input Tax Credits

Details

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In this Document

EBTax Information Center > EBTax Features (Setup & Troubleshooting) > Recoverable Taxes > Note 735991.1.1

1. What is a Recoverable Tax?

2. Setting Up Recoverable Tax

a. Validate Event Class and Set Configuration Owner Tax Options

b. Setting Tax Profile Options for Recovery

c. Tax Regime Setup Requirements

d. Tax Setup Requirements

f. Defining Recovery Rates

g. Recovery Rules

h. Making a Tax Available for Transactions

3. Recoverable Transactions: How they work

4. Deferred Recoverability

5. Upgrade Considerations For Tax Recovery

6. Tax Simulator

7. Recovery in GL?

8. Tax Accounting for Recovery Taxes

a. Non recoverable taxes:

b. Recoverable taxes:

i. Deferred Recovery:

ii. Self-Assessed

c. Viewing and Managing Tax Distributions

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