What is Tax Structure in US, we set-up in E-business Tax of R-
12 or 11i?

Answers were Sorted based on User's Feedback



What is Tax Structure in US, we set-up in E-business Tax of R- 12 or 11i?..

Answer / tgs100

United States uses SALES and USE Tax. Taxes are applicable at Federal, state level, county level and city level. In EBusiness Tax, We need to create Regime to Rate setup.
1. Create a Regime - In this case, we can create one regime for US
2. Create Taxes. We can create different taxes for Federal, State, County and City. In this setup, control defaults are defined.
3. Create Jurisdictions for each Tax. For state tax, all the states in US will be jurisdictions.
4. Create Tax status and Tax rates.
5. Create Rules. Here we create the on what conditions, the rates are applicable. Ex. Based on bill to customer, balancing segment, etc
Note: In Oracle Fusion, there is a functionality called "Simulation" which can be used to test the tax setup. Once satisfied, we can enable the tax setup for actual transactions.

Is This Answer Correct ?    0 Yes 0 No

What is Tax Structure in US, we set-up in E-business Tax of R- 12 or 11i?..

Answer / srinu

We can use EBT R12. For creating any tax

 

Is This Answer Correct ?    0 Yes 2 No

What is Tax Structure in US, we set-up in E-business Tax of R- 12 or 11i?..

Answer / srinivas

We can use ebt for tax. In 11i don't have tax.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Oracle Apps Financial Interview Questions

1)I created a business group BG and assigned profile classes to that and my question is a)In purchasing financial options under human resource tab unable to see my BG but VISION CORPORATION is coming. b)at ledger level operating units page whenevr adding my OUs vision corporations are showing instead of my BG. 3)Tell me after create my BG assign profile classe to my RESP then wht is the next step with BG

4 Answers   NTT Data,


What is Interest Invoice and how it can be created?

3 Answers   HCL, IBM, TCS,


What is ment by asset revaluation?

4 Answers  


I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.

0 Answers  


What is the purpose of secondary tracking Flexfeild Qualifier

1 Answers   Evosys,






what is the difference between balance, account, none (automatic offset methods)?

4 Answers   Cognizant,


What are the modules covered under oracle finance

6 Answers   IBM,


What is payment of Draft, Final and Final Post?

3 Answers   Deloitte, IBM,


A check issued to supplier has become time-barred and supplier returns it requesting for a new check. Can the existing check be voided and a new check be issued simultaneously?

3 Answers   TCS,


What is difference between auto reconciliation and manual reconciliation?

1 Answers   Deloitte,


What is Auto accounting feature in AR ?

1 Answers   Unisys, Wipro,


What is the order in setting up GL ? Which comes first - COA, Calendar & Currency ?

8 Answers   Oracle,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)