HOW TO SETUP FOR E-BUSINESS SUITE TAX ON PAYABLE INVOICES IN R12 Use E-Business Tax to set up and maintain your transaction tax requirements in all geographic locations where you do business. You can set up tax configurations to include the rules, default values, and other information necessary for each separate tax requirement. At transaction time, E-Business Tax uses your tax configuration to determine the taxes that apply to each transaction and to calculate the tax amounts. With E-Business Tax, you can: • Set up and maintain a tax configuration for each tax that you are subject to. • Set up and maintain records for your legal entities and operating units and the taxes they are subject to. • Manage the sharing of tax configuration data by the legal entities and operating units in your organization. • Set up and maintain tax registrations and classifications for your legal establishments and third parties. • Set up and maintain classifications of the products that you buy and s...
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