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8/19/2019 R12 Complex Tax Rules
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Presented By
Ashish Nagarkar [email protected]
E-Business Tax in R12 – Building Complex RulesFebruary 25, 2011 (3:00 – 3:45 PM)
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Agenda
Introduction to E-Business Tax Architecture & Key Concepts
Tax Processing Overview
Tax rules guided flow
Tax Rule Examples
Q & A
Oracle E-Business Tax
http://www.ncoaug.com/index.html
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Oracle E-Business TaxIntroduction
New ProductInfrastructure for Tax Knowledge Management
Global System Architecture
Configurable and Scalable
Single Point SolutionTax Service to all E-Business Suite Business Flows
One Application Interface
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Agenda
Introduction to E-Business Tax Architecture & Key Concepts
Tax Processing Overview
Tax rules guided flow
Tax Rule Examples
Q & A
Oracle E-Business Tax
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Oracle E-Business TaxArchitecture Overview
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Oracle E-Business TaxKey Concepts
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Oracle E-Business TaxKey Concepts
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Oracle E-Business TaxKey Concepts
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Oracle E-Business TaxKey Concepts
l
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Oracle E-Business TaxRegime to Rates Flow with US Sales Tax
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Agenda
Introduction to E-Business Tax Architecture & Key Concepts
Tax Processing Overview
Tax rules guided flow
Tax Rule Examples
Q & A
Oracle E-Business Tax
O l i
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Oracle E-Business TaxTax Processing Overview
O l E B i T
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Oracle E-Business TaxTax Processing Overview
• Legal Entities• First and Third Party
• Ship From / To, BillFrom / To, etc.
• Capture First and ThirdParty
• Tax Registrations• Classifications
O l E B i T
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Oracle E-Business TaxTax Processing Overview
• Party Locations• Define and Validate Party
Locations
O l E B i T
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Oracle E-Business TaxTax Processing Overview
• Type (Physical Nature)• Categories• Fiscal Classifications• Intended Use
O l E B i T
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Oracle E-Business TaxTax Processing Overview
• Document Type• Transaction Business
Categories
• Transaction FiscalClassifications
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Agenda
Introduction to E-Business Tax Architecture & Key Concepts
Tax Processing Overview
Tax Rules Guided Flow
Tax Rule Examples
Q & A
Oracle E-Business Tax
O l E B i T
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Oracle E-Business TaxTax Rules Guided Flow
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Create Tax Rule
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Create Tax Rule
Oracle E Business Tax
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Oracle E-Business TaxProduct Fiscal Classifications Flow
Oracle E Business Tax
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Oracle E-Business TaxTax Determination Service Flow
Oracle E Business Tax
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Oracle E-Business TaxTax Determining Factors
Oracle E Business Tax
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Oracle E-Business TaxTax Determining Factors
Oracle E Business Tax
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Oracle E-Business TaxRules - Example
Oracle E Business Tax
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Oracle E-Business TaxRules - Example
Oracle E Business Tax
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Oracle E-Business TaxTax Determination Services – Solution Overview
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Agenda
Introduction to E-Business Tax Architecture & Key Concepts
Tax Processing Overview
Tax Rules Guided Flow
Tax Rule Examples
Q & A
Oracle E-Business Tax
T R l E l 1
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Self Assessed Tax
Tax Rules Example 1
• First Party – Based in NY
• Third Party – Registered in NY and not registered in NY
• Sales Tax -- If Vendor is from NY• Self Assessed Tax – If Vendor is NOT in NY
Ta R les E ample 1
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Third Party Registration
Tax Rules Example 1
Tax Rules Example 1
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Tax Rules Example 1
• Create a vendor (Registered out of state)
• Register for Self Assessed Tax
Tax Rules Example 1
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Tax Rules Example 1
First Party Tax Profile
Tax Rules Example 1
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Third Party Tax Profile
Tax Rules Example 1
Tax Rules Example 1
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• Regular Tax calculated when vendor is in State, NY
Tax Rules Example 1
Tax Rules Example 1
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• Self Assessed Tax calculated when vendor is NOT in State, NY
Tax Rules Example 1
Create Tax Rule
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Create Tax Rule
Guided Tax Rule Entry
(No Tax for Service Items)
Tax Rules 2
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Tax Rules - 2
Scenario
Tax is ‘0’% for Items belonging to category ‘330.10’
Setup
• Define Product Fiscal Classification
• Define Tax Determining Factor Set
• Define Condition Set
• Create Expert Rule Entry• Create an item with category ‘330.10’
Fiscal Classifications
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Fiscal Classifications
Product Fiscal Classifications
Product Fiscal Classifications
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Product Fiscal Classifications
What is a Product Fiscal Classification?
A Product fiscal Classification is a classification of productsaccording to their tax requirements, for tax determination and
tax reporting purposes.It is based either on Oracle Inventory Category Sets or E-Business Tax Product Categories.
Fiscal Classifications
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Fiscal Classifications
Define Fiscal Classifications
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Define Fiscal Classifications
Tax determining Factor Set
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Tax determining Factor Set
Define Condition Set
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Define Condition Set
Expert Rule Entry
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Expert Rule Entry
Create an Expert Rule
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Create an Expert Rule
Agenda
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Agenda
Introduction to E-Business Tax Architecture & Key Concepts
Tax Processing Overview
Tax Rules Guided Flow
Tax Rule ExamplesQ & A
Oracle E-Business Tax
Questions and Answers
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Questions and Answers
Questions and Open Discussions
Contact Information
Ashish Nagarkar Email: [email protected]
Phone: 630-778-1180
For Presentation Copy Visit
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