E-Business Tax Setup: Tax Configuration

Platform: R12

Tax Configuration



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Once you are done with the external dependencies, you can begin with Tax Configuration.

The checklist for tax configuration is as follows:

1. Create Tax Authorities Party Tax Profiles


2. Create Tax Regimes


3. Create First Party Legal Entity Party Tax Profile


4. Create Tax


5. Create Tax Reporting Codes


6. Create Tax Status


7. Create Tax Jurisdictions


8. Tax Recovery Rates


9. Tax Rates

Only Tax Reporting Codes and Tax Recovery Rates are optional setups.