Oracle E-Business Tax r12 Summary
Compiled By:
Prasanna Kumar Reka
Oracle Applications Consultant
rekaapps@yahoo.com
Topics:
1. Overview
2. Configuration Options and Provider Service Subscriptions
3. Tax Event Model
4. Tax Configuration options
5. Tax Determination Services
6. Centralized Tax Record Repository & Reporting
7. Tax Simulator
8. Guided Configurations & other features
9. Terminology
Overview
• Global System architecture which is configurable & Scalable - for local to Global Tax needs
• Single point solution and provides tax services to all applications through one application interface
• Multiple Tax Services respond to specific tax events
• External Tax content integration through a single interface
• Centralized Tax content definitions, repository & Reporting
• Tax simulation tool for Tax Managers
Configuration Owner and Provider Service Subscriptions
• Configuration Owner= Owns Tax setup data
• Configuration Owner can be at Operating Unit/Legal Entity
• Global Configuration Owner – at enterprise level that can hold data which is common and visible to all configuration owners.
• Subscription Model- Used to share tax setup data
• Operating Unit/ Legal Entity can own its setup data
• Operating Unit/Legal Entity can use/share setup data owned by Global Configuration Owner with override by simply choosing the appropriate configuration option for each regime
• Configuration owner may choose to subscribe to the services of a “Tax Calculation Service Provider” for a given regime.
Tax Event Model
• Allows mapping of documents and actions across applications into corresponding Tax Event Classes and Tax Event Types within Oracle E-Business Tax
• Tax Event Class: Business process that would typically have the same treatment with respect to taxes Ex: Purchase Orders and Payables Invoices, Sales Orders and AR Invoices.
• Control options for configuration Owner ca be can be defined at a) Tax Event Class b)Document
Tax Configuration Manager
• Used to create and maintain structural foundation of tax and forms the building blocks
• Definitions includes: Taxes, Tax Jurisdictions, Fiscal Classifications, Tax Rates, Tax Rules
• Setups can be done at organization or enterprise level
Tax Determination Services
• These services calculate Tax based on the “Transaction Details” and “Tax Setup” Information.
• Criteria used being: Place of Supply, The Tax Registrations of the parties involved and other applicable rules for each tax regime.
Centralized Tax Repository and Reporting:
• Historical and current Tax records are available in the new Tax Record repository for reporting purposes
• Apart from existing tax reports, new custom reports can be generated quickly from these templates using Oracle XML Publisher
Tax Simulator:
• This User Interface is a great tool for Tax Managers, which allows entering transactions such as Purchase Orders or Sales Invoices and viewing the results of the tax calculation.
• View and drill down tax lines
• Generate the log file that shows the tax rules found to be unsuccessful
• Simulate tax for Standalone documents like PO, SO or related documents Prepayment, Credit Memo etc.
Guided Configurations and enhancements
• Configuration features:
o Setup Check List
o Guided Rule definition Process
o Rule Entry Process
o Content Containers (Help)
o Alerts using the information Icons
• Enhancements
o Deferred Tax in Payables
o Enhanced handling of tax on Freight
o Sales and Use Tax in Payables
o Enhanced exemptions and exceptions
o Multiple Tax Registrations
o Multiple Recovery Types
o Cash as well as Accrual Basis reporting of Tax
o Enhanced handling of Tax on Inter-Company Movements
Terminology
Fiscal Classification, Tax Determination Services, Tax Event Class, Tax Regime, Configuration Owner, Tax Configuration Manager, Place of Supply, Provider, Subscriber, Tax Rule, Tax Service Request Manager, Tax Administration Services.
Note: This is a WIP document ..more coming….. Presentations, setup information etc.
Compiled By:
Prasanna Kumar Reka
Oracle Applications Consultant
rekaapps@yahoo.com
Topics:
1. Overview
2. Configuration Options and Provider Service Subscriptions
3. Tax Event Model
4. Tax Configuration options
5. Tax Determination Services
6. Centralized Tax Record Repository & Reporting
7. Tax Simulator
8. Guided Configurations & other features
9. Terminology
Overview
• Global System architecture which is configurable & Scalable - for local to Global Tax needs
• Single point solution and provides tax services to all applications through one application interface
• Multiple Tax Services respond to specific tax events
• External Tax content integration through a single interface
• Centralized Tax content definitions, repository & Reporting
• Tax simulation tool for Tax Managers
Configuration Owner and Provider Service Subscriptions
• Configuration Owner= Owns Tax setup data
• Configuration Owner can be at Operating Unit/Legal Entity
• Global Configuration Owner – at enterprise level that can hold data which is common and visible to all configuration owners.
• Subscription Model- Used to share tax setup data
• Operating Unit/ Legal Entity can own its setup data
• Operating Unit/Legal Entity can use/share setup data owned by Global Configuration Owner with override by simply choosing the appropriate configuration option for each regime
• Configuration owner may choose to subscribe to the services of a “Tax Calculation Service Provider” for a given regime.
Tax Event Model
• Allows mapping of documents and actions across applications into corresponding Tax Event Classes and Tax Event Types within Oracle E-Business Tax
• Tax Event Class: Business process that would typically have the same treatment with respect to taxes Ex: Purchase Orders and Payables Invoices, Sales Orders and AR Invoices.
• Control options for configuration Owner ca be can be defined at a) Tax Event Class b)Document
Tax Configuration Manager
• Used to create and maintain structural foundation of tax and forms the building blocks
• Definitions includes: Taxes, Tax Jurisdictions, Fiscal Classifications, Tax Rates, Tax Rules
• Setups can be done at organization or enterprise level
Tax Determination Services
• These services calculate Tax based on the “Transaction Details” and “Tax Setup” Information.
• Criteria used being: Place of Supply, The Tax Registrations of the parties involved and other applicable rules for each tax regime.
Centralized Tax Repository and Reporting:
• Historical and current Tax records are available in the new Tax Record repository for reporting purposes
• Apart from existing tax reports, new custom reports can be generated quickly from these templates using Oracle XML Publisher
Tax Simulator:
• This User Interface is a great tool for Tax Managers, which allows entering transactions such as Purchase Orders or Sales Invoices and viewing the results of the tax calculation.
• View and drill down tax lines
• Generate the log file that shows the tax rules found to be unsuccessful
• Simulate tax for Standalone documents like PO, SO or related documents Prepayment, Credit Memo etc.
Guided Configurations and enhancements
• Configuration features:
o Setup Check List
o Guided Rule definition Process
o Rule Entry Process
o Content Containers (Help)
o Alerts using the information Icons
• Enhancements
o Deferred Tax in Payables
o Enhanced handling of tax on Freight
o Sales and Use Tax in Payables
o Enhanced exemptions and exceptions
o Multiple Tax Registrations
o Multiple Recovery Types
o Cash as well as Accrual Basis reporting of Tax
o Enhanced handling of Tax on Inter-Company Movements
Terminology
Fiscal Classification, Tax Determination Services, Tax Event Class, Tax Regime, Configuration Owner, Tax Configuration Manager, Place of Supply, Provider, Subscriber, Tax Rule, Tax Service Request Manager, Tax Administration Services.
Note: This is a WIP document ..more coming….. Presentations, setup information etc.
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