Rapid Tax Configuration

1. Tax Configuration Workbook

Navigate to: Setup and Maintenance > Set Up: Financials > Transaction Tax > Manage
Tax Regimes > Rapid Setup Spreadsheets > Download Tax Configuration Workbook

Download 01-TaxConfigurationWorkbookTemplate.xlsm

2. Generate the zip file for Tax Configuration workbook

3.. Go to Manage Tax Regime and upload the Tax Configuration workbook o Navigate to:
Setup and Maintenance > Set Up: Financials > Transaction Tax > Manage Tax Regimes >
Rapid Setup Spreadsheets > Upload Tax Configuration Workbook

4. Review the loaded structure o Manage Tax Regime o Manage Taxes o Manage Tax
Rate and Tax Recovery Rate Note: All under Transaction Tax
 Oracle Product –Tax Offerings
11i -11.5.10 R3
- Used Tax Codes In Modules –AP,AR.. And Tax Calculation done In
3rd Party Service Subscriptions

R12.2.x
- Introduced eBiz TAX Model, Fully Functional
Tax Localization for few countries like India, EU….
And Allowed to Use 3rd Party Service Providers Viz Vertex,
Tax ware…. For Maintenance and Tax Calculation

Fusion Cloud – R13

- Tax Module is Fully Functional with more advanced
features , And 3rd Party Service Subscription is Optional
Tax Structure - Origin Based / Destination Based
-------------------------------------------------------------------

Sales Tax With in US

State - California - 5%
County – Los Angles - 3%
City - Arcadia - 2%

Canada - GST
Province / State - GST Central – Alberta – 5 % PST – province 7%
HST - Horminized --13% Ontario
India – IGST - CGST and SGST
1.