How Does the Tuition Calculation Process Determine the Value Added Tax (VAT) Rate to Use?
(Doc ID 2915255.1)
Last updated on JANUARY 09, 2023
Applies to:
PeopleSoft Enterprise CS Student Financials - Version 9.2 and laterInformation in this document applies to any platform.
Goal
When Tuition Calculation applies a Value Added Tax (VAT) (also referred to as GST (Goods and Services Tax)), which tax rate will be used?
In this case there is a new tax rate effective January 1, 2023. Terms are setup for a year where the Term Start Date = September 1 of the calendar year.
Solution
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In this Document
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