Tax Regime

Tax Regime Code Name Regime Level

Tax Manager> Tax Configuration --> Tax RegimesSet up tax regimes for the taxes in each country and geographic region where you do business and where a separate tax applies. A tax regime associates a common set of default information, regulations, fiscal classifications, and registrations to one or more taxes with the same tax requirement.

Country Name if Regime Level is Country

Date Effective From

Set up tax regimes for the taxes in each country and geographic region where you do business and where a separate tax applies. A tax regime associates a common set of default information, regulations, fiscal classifications, and registrations to one or more taxes with the

Tax Geography Type and Name if Regime Level is 'Tax Zone' or 'Group Of Countries'

Tax

Tax Regime Code Recoverable (Yes / No)

Tax Manager> Tax Configuration --> TaxesSet up details for the taxes of a tax regime. Each separate tax in a tax regime includes records for the statuses, rates, and rules that are used to calculate and report on the tax. E-Business Tax defaults tax information from the tax regime to each tax that you create under a

Recovery Settlement (Immediate / Deferred)

Recovery Rate

Tax Status

Tax Regime Code Tax Status Code

Tax Manager> Tax Configurations --> Tax Statuses

A tax status is the taxable nature of a product in the context of a transaction and a specific tax on the transaction. You define a tax status to group one or more tax rates that are of the same or similar nature.For example, one tax can have separate tax statuses for standard, zero, exemption, and reduced rates. A zero rate tax status may have multiple zero rates associated with it in order to handle different reporting requirements for zero rate usage,

Tax Jurisdiction

Tax Jurisdiction Code Tax Regime Code

Tax Manager> Tax Configuration --> Tax Jurisdictions

A tax jurisdiction is a geographic region or tax zone where a specific tax authority levies a tax. A tax jurisdiction specifies the association between a tax and a geographiclocation.At transaction time E-Business Tax derives the jurisdiction or jurisdictions that apply to a transaction line based on the place of supply. The place of supply is the location where atransaction is determined to take place for a specific tax. E-Business Tax either uses a default place of supply or derives a place of supply based on tax rules.

Geography Type (Like Country)

Parent Geography Type Reporting Tax Authority Collecting Tax AuthorityParent Geography Name (Australia)

Tax Rate

Tax Regime Code Tax Status Code

Tax Manager> Tax Configuration --> Tax Rates

Set up tax rates for your tax statuses and tax jurisdictions. For tax statuses, set up a tax rate record for each applicable tax rate that a tax status identifies. For tax jurisdictions, set up tax rate records to identify the tax rate variations for a specific tax within different tax jurisdictions. For example, a city sales tax for a state or province may contain separate city tax jurisdictions, each with a specific rate for the same tax.

If Rate Type is Percentage the Percentage Figure

Effective From

Tax Exception

Tax Regime Code Item Exception Rate

Tax Manager> Products --> Tax Exceptions

Set up tax exceptions to apply special tax rates to products. At transaction time, E-Business Tax determines whether the tax exception applies to the transaction line for the product and, if so, uses the applicable exception rate.

Whether always applicable or Conditionally applicable

If Conditionally Applicable what is the condition of applicability of Exception Rate

Tax Exemption

Tax Regime Code Tax Jurisdiction Code Customer Customer Site

Set up tax exemptions for your third party customers and customer sites. A tax exemption is a discount/surcharge or replacement percentage from the base tax rate that reduces the applicable tax on a Receivables transaction.Tax exemption usually applies to a specific customer or to a combination of customer and specific product.

Exempt Reason Certificate Number Issuing Tax Authority Effective From Exempt Rate

Tax Authority

Organization Name Legislative Category Country Address Line1

Legal Entity Manager> Setup --> Legal Authorities

Set up a legal authority record for each tax authority that administers taxes in a taxregime where you do business.

Address Line 2 Address Line 3 Address Line 4 City County State

Postal Code

Tax Registration

Legal Entity (Associated Legal Establishment) Tax Registration Number

Third Party Party Name (Customer) Tax Registration Number

Legal Entity Manager> Legal Entities --> Create Legal Entity

Set up tax registrations for your first party legal establishments and your third party customers/customer sites and suppliers/supplier sites. A tax registration contains information related to a party's transaction tax obligation with a tax authority for a tax jurisdiction where it conducts business. In some cases a single location may need to file multiple registrations.E-Business Tax uses tax registrations in tax determination and tax reporting. For each tax that you create, you must define either a default tax registration or a tax rule for the rule type Determine Tax Registration. This rule determines under which tax registration a transaction is processed.

Issuing Tax Authority

Issuing Tax Authority

Legal Entities --> Create Legal Entity

1. Do you require Compounding of Tax in any case? If yes please elaborate the business scenario with exact tax compoundings.

e.g. Tax Calculation Basis is Line Amount / Assessable Value

1 Line Amount / Assessable Value2 Tax 1 on Line 3 Tax 2 on (Line + Tax 1)4 Tax 3 on Tax 2 only

So Total Tax = Tax 1 + Tax 2 + Tax 3

2. Mention the cases where you require a special tax treament (based on a particular customer/item/ship to location)

e.g. If Ship To is 'X' apply reduced tax rate or no tax at allIf The party is not registered with tax authority, charge an additional 'Y'% of Tax on the transaction.

1. Do you require Compounding of Tax in any case? If yes please elaborate the business scenario with exact tax compoundings.

2. Mention the cases where you require a special tax treament (based on a particular customer/item/ship to location)

Tax Exception Reasons Tax Exemption Reasons

CODE MEANING CODE MEANING

Tax Exceptions are required to apply special tax rates to products

Tax Exceptions are required to apply special tax rates to Parties or Parties and Product Combination