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Topic

    Sudhir K
    Automatic Tax Calculation on PO
    Topic posted June 13, 2017 by Sudhir KRed Ribbon: 250+ Points, last edited June 13, 2017, tagged How-To, Orders, Setup 
    340 Views, 2 Comments
    Title:
    Automatic Tax Calculation on PO
    Summary:
    Automatically calculate tax on Purchase Order lines based on the Ship-to location
    Content:

    We are on Oracle Fusion Release 12

    Our requirement is to automatically calculate the tax (eg sales tax, VAT, GST, etc) on Purchase Order (Lines) based on the ship-to location. There is one tax rate for UK and another for Australia but for USA the tax rate changes as per the ship-to location. How can we configure Oracle so that it calculates the tax automatically.

    We do not use inventory items.

    Comment

     

    • Suman Guha

      Hi Sudhir,

      It's best that you post your question to the Financial forum for experts from the Oracle Fusion Tax team to review.

      From my limited knowledge in the area, I believe for US you would need to define taxes and tax jurisdictions at the state, county, city levels.

      Regards,

      Suman.

    • Chris Pinto

      Hi Sudhir,

      Create a tax rule (Manage tax rule) with the criteria: 

      if Bill from = UK then tax is 5%

      If bill from = USA then tax is 10%

      Regards,

      Chris