Scribd Logo
Upload

Welcome to Scribd!

  • 230 views

    Oracle Cloud WHT Payables

    Uploaded by

    manukleo
    This document provides instructions for setting up withholding tax in Oracle Fusion Tax. It describes creating a tax authority supplier, managing tax regimes and codes, configuring tax lookup codes, owner tax options and rules, and validating that withholding tax is applied correctly on an invoice. The key steps are to create a supplier, define the withholding tax regime and code, configure the necessary reference data and rules, and then validate a test invoice to ensure the withholding amount is calculated properly.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Oracle Cloud WHT Payables

    Uploaded by

    manukleo
    230 views6 pages
    This document provides instructions for setting up withholding tax in Oracle Fusion Tax. It describes creating a tax authority supplier, managing tax regimes and codes, configuring tax lookup codes, owner tax options and rules, and validating that withholding tax is applied correctly on an invoice. The key steps are to create a supplier, define the withholding tax regime and code, configure the necessary reference data and rules, and then validate a test invoice to ensure the withholding amount is calculated properly.

    Original Description:

    Oracle Cloud WHT Payables

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides instructions for setting up withholding tax in Oracle Fusion Tax. It describes creating a tax authority supplier, managing tax regimes and codes, configuring tax lookup codes, owner tax options and rules, and validating that withholding tax is applied correctly on an invoice. The key steps are to create a supplier, define the withholding tax regime and code, configure the necessary reference data and rules, and then validate a test invoice to ensure the withholding amount is calculated properly.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    230 views6 pages

    Oracle Cloud WHT Payables

    Uploaded by

    manukleo
    This document provides instructions for setting up withholding tax in Oracle Fusion Tax. It describes creating a tax authority supplier, managing tax regimes and codes, configuring tax lookup codes, owner tax options and rules, and validating that withholding tax is applied correctly on an invoice. The key steps are to create a supplier, define the withholding tax regime and code, configure the necessary reference data and rules, and then validate a test invoice to ensure the withholding amount is calculated properly.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    KRISHNAMOHAN JOSHI

    FUSION TAX

    Setting up Withholding Tax


    The following is the Enterprise Structure which would be considered

    Create a Tax Authority Supplier with a Valid Supplier Site

    Page 1|6
    KRISHNAMOHAN JOSHI
    FUSION TAX

    Manage Regimes

    Save and Close

    There are 2 ways of creating the Withholding Regime to Rate

    1) Use the Regime to Rate flow similar to the transaction tax , by following Manage
    Taxes>Manage Tax Statuses> Manage Rates and Recovery Rates > Manage
    Jurisdiction
    2) Use the Manage Tax Codes Task to complete the Regime to Rate for withholding
    tax in a single window

    Please note if the option 1 is chosen the withholding tax code needs to be manually
    added under the Manage Withholding Classifications

    Page 2|6
    KRISHNAMOHAN JOSHI
    FUSION TAX

    Manage Tax Codes

    Click +

    Save and Close.

    This action will enable the tax for the transactions with Tax applicability = Not
    Applicable under the Rule Defaults

    Page 3|6
    KRISHNAMOHAN JOSHI
    FUSION TAX

    Manage Tax Lookup Codes

    Query for Lookup Type=ZX_WHT_TAX_CLASSIFICATION_CODE

    Ensure that the awt tax code defined is present under the lookup else create a row

    Manage Configuration Owner Tax Options

    Save and Close


    Page 4|6
    KRISHNAMOHAN JOSHI
    FUSION TAX

    Manage Tax Rules

    Submit

    Ensure to Enable User Withholding Tax Option under the Income Tax Region for the
    supplier.

    Ensure to Enable the Allow Withholding Tax at the supplier site level. Create an invoice
    for the supplier

    Page 5|6
    KRISHNAMOHAN JOSHI
    FUSION TAX

    Provide the Withholding tax code on the invoice line, Save & Validate

    Navigate to Withholding taxes tab to see the withholding amount

    Validate the invoice to the AWT amount


    Page 6|6

    You might also like