How To Change Precision For Rounding Tax Amount?
Last updated on SEPTEMBER 20, 2017
Applies to:Oracle Order Management - Version 12.0.6 and later
Information in this document applies to any platform.
How does one change the precision for rounding the tax amount?
You have an order 14101686 and Tax Rate is 19 5%
You see that lines 1.1 and 2.1 are in excess by .005 each causing an overall excess of .01 EUR.
line # tax
1.1 5878.13 (extended amount of 30,937.50 with tax at 19%, the tax is calculated to 5889.125 - this tax is rounded to precision 2.)
2.1 5878.13 (extended amount of 30,937.50 with tax at 19%, the tax is calculated to 5889.125 - this tax is rounded to precision 2.)
3.1 9405.00 (extended amount of 49,500 with tax at 19%, the tax is calculated to 9405. - OK.)
Problem is that: Extra tax calculated on an order by 0.01 EUR due to rounding.
If you process the order, then the Invoice show the same taxes:
Screen shot of the invoice shows the lines have the same tax on lines: (VAT_Calculations.doc)
You are expecting the line level tax to be:
Line 1.1 : 5878.125
Line 1.2 : 5878.125
Line 1.3 : 9405.000
Total on Header: 21161.250
1. Is this a bug?
2. Or is this the expected functionality?
3. Or is there a profile options setting to change the precision on the tax on the lines?
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