List of Chapters and Topics – TAX Management

Implementation Project

Logging into Fusion

Configure Offerings

Creating Implementation Project

Selecting Offerings

Accessing Task List

Performing Tasks

Accessing Navigator Menus

… More about Impl. Project

Roles

Understand Roles for Tax

Acces Oracle Identity Manager

Access Users in OIM

Assign Roles

Tax Model

Tax for the Country

Different States have different Tax Rates

Item Specific Taxation

Customer/Supplier Specific taxation

Tax Recovery

Tax Regimes

Create a Tax Regime

Assign Applicable Legal Entities, BUs

Taxes

Create a Tax

Setup Tax Point Basis

Set Exceptions/Exemptions Applicability

Set Recovery Options

Set Tax Accounts

Tax Statuses

Create a Tax Status

Set Exceptions/Exemptions Applicability

Tax Jurisdictions

Create a Tax Jurisdiction

Specify Tax Accounts

Specify Tax Rates

Tax Accounts for Tax Rate Periods

Tax Rates and Recovery Rates

What is Tax Recovery

Create a Tax Rate

Create a Tax Recovery Rate

Tax Rules

Create Tax Applicability Rule

Create Place of Supply Rule

Create Taxable Basis Rule

Create Tax Calculation Rules

Verify Tax Application

Enter a Receivable Invoice

Save Invoice and Verify Applied Tax

Enter a Payables Invoice

Save and Validate Invoice

Verify Tax Applied to Payables Invoice

Verify Tax Accounting

Using Application Level Rules

Create Separate Rule for Receivables

Create Separate Rule for Payables

Verify Payables Tax on Invoice

Verify Receivables Tax on Invoice

Tax Factors and Conditions

Create a Tax Determining Factor Set

Create a Tax Condition Set

Use TDFS and TDS to Create Tax Rules

Item Exceptions

Create an Item Exception

Specify an Exception Rate

Special Rates Vs Discount/Surcharge

Enter a n Invoice

Verify Tax based on Item Exception Rate

Party Exemptions

Create Party Tax Profile

Create Party Exemption

Special Rate Vs Discount/Surcharge

Specify Party Exemption Rate/Discount

Enter a Receivables Invoice

Party Exemptions…

Save Invoice and View Tax

Verify Tax based on Party Exemption

Precedence in Exceptions and Exemptions

Tax Accounting

Non-US Transactions

Tax Regime Country is United States

Enter a Receivables Invoice for Non-US

Save Invoice and View Tax

Verify US Tax Regime is not applied

Using Taxware/Vertex etc

Create a Service Provider

Find and Open tax Regimes

Create a Service Subscription

Tax Model from Scratch

Create Geography Structure

Create Geographies

Create States, Cities and Postal Codes

Enable Geographies for Tax

Create Address Validations

Tax Model from Scratch

Create Geography Structure

Create Geographies

Create States, Cities and Postal Codes

Enable Geographies for Tax

Create Address Validations

Create Tax Validations

Tax Model from Scratch…

Create Regime to Rate Flow

Create Recovery Rates

Create Jurisdictions

Create Tax Rules

Verify Tax on Transactions

Direct Tax Rate Determination

Create a specific Tax Rate for a city

Create a Tax Determining Factor Set

Create a Tax Condition Set

Create a Direct Rate Rule for the City

Verify City Tax on Transaction

Verify State Tax on Transaction

Party Classifications

Create a Tax Rate

Create Party Classifications

Create Tax Determining Factor Set

Create Tax Condition Set

Specify Special Rate for Party Classifications

Verify Tax on Transactions

Fiscal Classifications

Create a Tax Rate

Create Fiscal Classifications

Create Tax Determining Factor Set

Create Tax Condition Set

Specify Special Rate for Fiscal Class

Verify Tax on Transactions

Tax Simulator

Simulator Transactions

Real Transactions

Viewing Applicable Rules

Viewing Results

Copying Real Transactions to Simulator

Withholding Tax

What is Withholding Tax

Setup Tax Calculation Point

Setup Tax Invoice Creation Point

Setup Withholding Tax Accounts

Setup Distribution Set

Withholding Tax…

Withholding Tax Regime

Withholding Taxes

Withholding Tax Statuses

Withholding Tax Rates

Withholding Tax Jurisdiction

Withholding Tax…

Withholding Tax Codes

Withholding Tax Groups/Classifications

Setting up Suppliers

Enter a Payables Invoice

Save and Validate Invoice

Withholding Tax…

Verify Withholding Tax Application

Payments

Verify Tax Invoice Generation

Payment of Withholding Tax

1099 Tax

What is 1099 Tax

1099 Income Tax Types

Setting up 1099 Tax

Configure Suppliers for 1099 Reporting

Verify Tax Applied on Payables Invoice

1099 Tax…

Payment of Original Invoices

Auto Generation of 1099 Tax Invoices

Payment of Withholding Tax

Withholding Tax Accounting

1099 Tax Reporting

1099 Payment Report Detailed

1099 Payment Report Summary

1099 Invoice Exceptions

1099 Supplier Exceptions

Updating Income Tax Details