Use Tax is Not Calculating with the Correct Effective Dated Rate from Tax Authority
Last updated on SEPTEMBER 26, 2017
Applies to:PeopleSoft Enterprise SCM Purchasing - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Use Tax is not calculating using the correct effective dated rate
Sales tax increases were entered on 03/09/17 with the effective date of 04/01/17. Vouchers dated 02/07/2017 are being calculated at the newest rate instead of the existing rate. Newest 04/01/2017 rate has been marked inactive in order to have calculations be correct. Why would the system ignore the effective date of the new rate?
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