Integration with Oracle E-Business Tax

Integration with Oracle E-Business Tax:-
-----------------------------------------------

In Release 12, Oracle E-Business Tax, a new product, will manage transaction tax across
the E-Business Suite. In prior releases, the setup, defaulting and calculation of
transaction tax for Payables was managed within Payables using tax codes, their
associated rates and a hierarchy of defaulting options. This method of managing tax is
still available to you in Release 12. During the upgrade, E-Business Tax migrates the tax
codes and their rates to corresponding tax rules so that your tax processing can get the
same results after the upgrade as it did before. If you choose to use the features of
E-Business Tax, you can make the transition at your own pace, incrementally adding
E-Business Tax rules to meet your requirements.

In Release 12, there are new fields added to the supplier, invoice, and related entities
that track tax attributes used by E-Business Tax. Many of these attributes were
implemented with Global Descriptive Flexfields in prior releases and are upgraded to
regular fields on these entities.

Also during the upgrade, E-Business Tax takes information from the AP invoice lines
and creates summary and detail tax lines in the E-Business Tax repository. The tax lines
are upgraded based on the time period you specify during the submission of the
upgrade. During the upgrade, Payables creates payment distributions and prepayment
application distributions for existing transactions and creates links between these new
distributions and the original invoice distributions. After the upgrade, if you adjust a
historical transaction that was not upgraded, E-Business Tax automatically upgrades
the transaction to the Release 12 entities.

Tax Attributes Controlled by Global Descriptive Flexfields Migrated to Core Payables and E-Business Tax Entities

The following tax attributes were implemented using descriptive flexfields on the
invoice entities in Release 11i and are now implemented using named columns. The
Invoice Lines upgrade will upgrade the values from the descriptive flexfields segments
to the new columns.

The following are new fields on the invoice header and in the invoice interface:
• Business Category
• Fiscal Classification
• Invoice Sub-type
• Port of Entry
• Supplier Exchange Rate
• Supplier Tax Invoice Date
• Supplier Tax Invoice Number
• Tax Date
• Tax Reference Number

The following are new fields on the invoice line and in the invoice lines interface:

• Assessable Value
• Business Category
• Deferred Option, Distribution Account
• Fiscal Classification
• Intended Use
• Product Category
• Ship-To Location
• Supplier Exchange Rate
• User Defined Fiscal Classification

The following are new fields on the invoice distribution:

• Fiscal Classification
• Distribution Account
• Intended Use