Oracle E-Business Suite R12.1 Accounts Payables …dbmanagement.info/Books/MIX/EBS_R12.1_FMS_Accounts... · Oracle E-Business Suite R12.1 Accounts Payables Partner Boot Camp Training

Oracle E-Business Suite R12.1 Accounts Payables Partner Boot Camp

Training Courseware

Part IX – Withholding Tax

The following is intended to outline our general

product direction. It is intended for information

purposes only, and may not be incorporated into any

contract. It is not a commitment to deliver any

material, code, or functionality, and should not be

relied upon in making purchasing decisions.

Safe Harbor Statement

-2-For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2009 Oracle Corporation – Proprietary and Confidential

For Oracle employees and authorized partners only. Do not distribute to third parties.


relied upon in making purchasing decisions.

The development, release, and timing of any

features or functionality described for Oracle’s

products remains at the sole discretion of Oracle.

Use of this Site (“Site”) or Materials constitutes agreement with the following terms and conditions:

1. Oracle Corporation (“Oracle”) is pleased to allow its business partner (“Partner”) to download and

copy the information, documents, and the online training courses (collectively, “Materials") found on this

Site. The use of the Materials is restricted to the non-commercial, internal training of the Partner’s

employees only. The Materials may not be used for training, promotion, or sales to customers or other

partners or third parties.

2. All the Materials are trademarks of Oracle and are proprietary information of Oracle. Partner or other

third party at no time has any right to resell, redistribute or create derivative works from the Materials.

Oracle Training Materials – Usage

Agreement



For Oracle employees and authorized partners only. Do not distribute to third parties.


3. Oracle disclaims any warranties or representations as to the accuracy or completeness of any

Materials. Materials are provided "as is" without warranty of any kind, either express or implied,

including without limitation warranties of merchantability, fitness for a particular purpose, and non-

infringement.

4. Under no circumstances shall Oracle or the Oracle Authorized Delivery Partner be liable for any loss,

damage, liability or expense incurred or suffered which is claimed to have resulted from use of this Site

of Materials. As a condition of use of the Materials, Partner agrees to indemnify Oracle from and against

any and all actions, claims, losses, damages, liabilities and expenses (including reasonable attorneys'

fees) arising out of Partner’s use of the Materials.

5. Reference materials including but not limited to those identified in the Boot Camp manifest can not be

redistributed in any format without Oracle written consent.

Key Content Contributors

Contributing Companies



Accounts Payable

-5-

For Oracle employees and authorized partners only. Do not distribute to third parties. For Oracle employees and

authorized partners only. Do not distribute to third parties.


Bootcamp Sections

• Procure to Pay Overview

• Payables Overview

• Suppliers

• Invoices

• Payments

• Expense Reports and Credit Cards

• Period Close



• Transaction Taxes in Payables

•Withholding Tax

• Advances and Progressive Contract Financing

Section Objectives

In this section we will cover the following topics:

• Identify the withholding tax process

• Use withholding tax options

• Process manual withholding tax invoices

• Create withholding tax on Standard Invoices, Recurring Invoices and

Application of Prepayment




• Process automatic withholding tax invoices

• You may be required to withhold taxes from your employee expense

reports and supplier invoices.

• Once you set up Payables to automatically withhold tax, you can

withhold tax either during Invoice Validation or during payment

processing or both.

• You can control all withholding tax options in the Withholding Tax

region of the Payables Options window.

Identify the withholding tax process

Withholding Tax Overview



region of the Payables Options window.

Section Objectives











• Select the Use Withholding Tax option to enable Automatic Withholding

Tax.

• If you enable this option, you have the option to allow your suppliers and

supplier sites to be subject to withholding tax.

Defining Special Calendar

Use withholding tax options

Withholding Tax Payables Options Use Withholding Tax



Select this option

to enable

Automatic

Withholding Tax

Use withholding tax options (Cont…)

Withholding Tax Payables Options Use Withholding Tax (Cont…)



• When you define a withholding tax code, you indicate first whether you

will have any amount or rate controls by selecting one of the following

rate structures:

–Period Limit

–Flat Rate

–Amount Ranges


Defining Tax Codes & Groups



• You use Tax Groups window to define withholding tax groups that

include multiple Withholding Tax type tax codes. You can assign the

same tax code to more than one group.

• When you assign a withholding tax group to an invoice or distribution,

Payables calculates invoice withholding tax based on every tax code in

the withholding tax group.









• You use the Withholding Tax Certificates and Exceptions window

to define Withholding Tax type tax code rate exceptions for a

supplier site.

Withholding Taxes for Suppliers


Withholding Tax Certificates and Exceptions



• You enable withholding taxes for a supplier and supplier sites in the Tax

Details region of the Suppliers page.

• Select Allow Withholding Tax option if you want to enable withholding

for a supplier or supplier site, and select a default Withholding Tax

Group that Payables will default to all invoices you enter for the supplier

or supplier site.

Withholding Taxes for Suppliers

Section Objectives











Process Manual withholding tax invoices



Process Manual withholding tax invoices (Cont…)

If you choose to create withholding tax invoices manually, create an

invoice for each Withholding Tax type invoice distribution on an invoice.

Create the invoice for the tax authority supplier and site assigned to the

Withholding Tax type tax code and for the amount of the Withholding Tax

type invoice distribution



Section Objectives





• Create withholding tax on Standard Invoices, Recurring Invoices

and Application of Prepayment



and Application of Prepayment


Create withholding tax on Standard Invoices,

Recurring Invoices and Application of Prepayment

Invoice With Withholding tax



Create withholding tax on Standard Invoices, Recurring

Invoices and Application of Prepayment (Cont…)

Invoice With Withholding tax (Cont…)



Withholding tax when applying Prepayments





Withholding tax from Recurring Invoices





Projected Withholding tax





View Period to Date Withheld Amounts





Section Objectives











Process automatic withholding tax invoices



Process Automatic withholding tax invoices (Cont…)

•If you specify that you want to create withholding tax invoices during

Invoice Validation, Payables creates unvalidated withholding tax invoices

for tax authority suppliers assigned to tax codes.

•If you specify that you want to create withholding tax invoices during

payment processing, Payables creates unvalidated withholding tax

invoices (for those invoices where you have applied withholding tax)

during the Confirm program of payment batch processing, or during

processing of a Quick payment.



processing of a Quick payment.

•Payables does not automatically withhold taxes if you pay with a manual

payment or a refund.

Withholding Tax By Invoice Report

Withholding Tax By Payment Report

Withholding Tax By Tax Authority Report

Withholding Ta By Supplier Report

Withholding Tax Certificate Listing

Key Reports Related to Withholding Tax




Withholding Tax Letter

Withholding Tax Report


• You use the Withholding Tax Certificate Listing to review

withholding tax certificates for a supplier or all suppliers.





• You use this report to create a withholding tax letter to mail to

your suppliers on a periodic basis. This letter contains a list of

withholdings made for a supplier, summarized either by tax type

and tax rate or by supplier site.

Withholding Tax Report

• You use this report to create a withholding tax report for your

company’s internal reporting needs. This report contains a list of

withholdings made on behalf of your suppliers, summarized

either by tax type and tax rate or by supplier site, and grouped

by supplier.



Documents

Oracle E-Business Suite R12.1 Accounts Payables …dbmanagement.info/Books/MIX/EBS_R12.1_FMS_Accounts... · Oracle E-Business Suite R12.1 Accounts Payables Partner Boot Camp Training