Sunday, April 19, 2009

TAX Support in oracle Paybles

Oracle Paybles and Purchasing Support automated caluculation and accounting of partial and non-recoverable tax.In Paybles you can capute tax details on expenses report fo allows you for reporting and raclamation of tax.

Oracle paybles has country-specific locatlizations that caluculate tax ans supplier withholding tax.

Tax Types supported by Oracle Apps

1. VAT (value Added Tax supported by India)
2.Recoverable and Non_recoverable input taxes
3.Withholding Taxes
4.Goods And service Tax
5.EU Acquiaition and Reverse Charge Taxes
6.Deferred Output Taxes
7.Canadian Govt ,Provincial and Harmonized Sales Tax
8.Sales Equilization Taxes (Also known as Sales Tax)
9.Investment Tax
9.Excise Duties Tax
10.Latin American Tax  regimes

While doing setup you can automate both the p2p and  Order2Cash process with system controling all the tax and reporting based on setup.

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