Oracle Applications

Oracle for Beginners

Tax Configuration: Create Tax Regimes

Posted by shameemakhtar on October 3, 2009

Platform: R12

Create Tax Regimes
Tax Manager –> Tax Configuration –> Tax Regimes



Click on ‘Create’.

Tax Regime - Main Details

Tax Regime - Main Details

Expand the ‘Controls and Defaults’ Region and Configure.

Tax Regime Controls and Defaults

Tax Regime Controls and Defaults

Note that unless you have set the Legal Authority as Reporting Tax Authority or Collecting Tax Authority while creating the Party Tax Profile for the Legal Authority, the Legal Authority will not be available in the drop down list.
See Document ’E-Business Tax Configuration – Tax Authority Party Tax Profile’
Expand the ‘Compounding Level Controls’ region and Configure.

Tax Regime Compounding Level Controls

Tax Regime Compounding Level Controls

When you are done, click on ‘Continue’.

Create Tax Regime - Configuration Option

Create Tax Regime - Configuration Option

Add your First Party Legal Entity. Choose your ‘Configuration for Taxes and Rules’. If you are not using Common Configuration, specify your ‘Configuration for Product Exceptions’. Specify an effective date. US localizations require Service Subscriptions. Click on ‘Service Subscriptions’ to add Service Provider.

Service Subscriptions

Service Subscriptions

When you are done, click on ‘Finish’.

Tax Regime Creation Confirmation

Tax Regime Creation Confirmation

You will get a confirmation that the tax regime was created successfully.
You can search and see that the Regime has been created.

Search Tax Regime

Search Tax Regime

Shameem Bauccha

1 July 2009


7 Responses to “Tax Configuration: Create Tax Regimes”

  1. Hi,

    thanks for the great quality of your blog, each time i come here, i’m amazed.

    black hattitude.

  2. Magnificent site. Lots of helpful info here. I’m sending it to several pals ans additionally sharing in delicious.

    And obviously, thanks in your effort!

  3. If you need to know more about how to get rid of lice, check out
    the best sites for these. Once mature, a head louse can transfer from head to head.
    Do this every day for four days, stop for four days, and
    repeat cycle three more times.

  4. I do believe all of the concepts you have offered to your post.
    They’re very convincing and will certainly work.
    Nonetheless, the posts are very short for novices. May you please lengthen them a bit from subsequent time?
    Thanks for the post.

  5. [b] how accurate is the currency exchange trading platform
    of this fx trading business. Excellent software program can also be recommended
    to be used. As the market is extremely fragile, they have to be very careful while investing money here.

  6. I couldn’t resist commenting. Exceptionally well written!

  7. Now I can not only see their faces and their reactions to my words,
    I can also see their eyes and where they are looking,’ he said.
    The photodiodes mimic the retinal cells by converting light into electrical signals, which are then transmitted by
    cells in the inner retina via nerve pulses to the brain. It’s hard to tell whether this was a conscious decision as it’s hard to tell if it’s a good or bad thing.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s