Oracle R12 E Business Tax India Localization Setup

E Business tax Replaces the Receivable Tax Engine  in Oracle R12

It is Mandatory to define Regime Rate Flow for Getting the India Localized Tax Defaulted in all the Transactions.

Set Up Steps

1. Define Party Tax Profiles

2,Define tax Configurations

3.Regime to Rate Flow

4.Tax Applicability to Applications

Tax Configuration has Below Functional Setups

·         Tax regime

·         Taxes

·         Tax status Code

·         Tax jurisdiction

·         Tax recovery rate

·         Tax rate

·         Tax Rules

Responsibility Creation:

Tax Manager is the Responsibilty With Menu as “E-Business Tax Homepage”

Below Setup Screen Shots Done in 8010 Instance For Operating unit CHN OU2 in BG 1223.

Creating party Profiles                                                             

Navigation:

E Business tax → Parties → party Tax Profiles

Select Party Type as “Operating Unit Owning Tax Content”

Party Name → Operating Unit for Which the Tax to be Setup –CHN OU2

Go to create tax Profile:

For India Localization Do Not Check use Subscription of the Legal Entity

Click Apply ; Message Will Appear on Home Screen as Below.

Define Tax Configuration:                                                            

Navigation

E Business Tax → Tax Configuration

Tax Regime creation

Navigation

E Business Tax → Tax Configuration → Tax regimes

Tax regime Code--Ram Tax Regime

Name--Ram Tax Register

Regime Level—Country

Country Name-- India

Tax Currency—INR

Click Continue → Page Will Navigate to

Add OU details