oracle e-business suite r12.1 accounts payables...
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Oracle E-Business Suite R12.1 Accounts Payables Partner Boot Camp
Training Courseware
Part IX – Withholding Tax
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Key Content Contributors
Contributing Companies
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Accounts Payable
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authorized partners only. Do not distribute to third parties.
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Bootcamp Sections
• Procure to Pay Overview
• Payables Overview
• Suppliers
• Invoices
• Payments
• Expense Reports and Credit Cards
• Period Close
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• Transaction Taxes in Payables
•Withholding Tax
• Advances and Progressive Contract Financing
Section Objectives
In this section we will cover the following topics:
• Identify the withholding tax process
• Use withholding tax options
• Process manual withholding tax invoices
• Create withholding tax on Standard Invoices, Recurring Invoices and
Application of Prepayment
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Application of Prepayment
• Process automatic withholding tax invoices
• You may be required to withhold taxes from your employee expense
reports and supplier invoices.
• Once you set up Payables to automatically withhold tax, you can
withhold tax either during Invoice Validation or during payment
processing or both.
• You can control all withholding tax options in the Withholding Tax
region of the Payables Options window.
Identify the withholding tax process
Withholding Tax Overview
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region of the Payables Options window.
Section Objectives
In this section we will cover the following topics:
• Identify the withholding tax process
• Use withholding tax options
• Process manual withholding tax invoices
• Create withholding tax on Standard Invoices, Recurring Invoices and
Application of Prepayment
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Application of Prepayment
• Process automatic withholding tax invoices
• Select the Use Withholding Tax option to enable Automatic Withholding
Tax.
• If you enable this option, you have the option to allow your suppliers and
supplier sites to be subject to withholding tax.
Defining Special Calendar
Use withholding tax options
Withholding Tax Payables Options Use Withholding Tax
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Select this option
to enable
Automatic
Withholding Tax
Use withholding tax options (Cont…)
Withholding Tax Payables Options Use Withholding Tax (Cont…)
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• When you define a withholding tax code, you indicate first whether you
will have any amount or rate controls by selecting one of the following
rate structures:
–Period Limit
–Flat Rate
–Amount Ranges
Use withholding tax options (Cont…)
Defining Tax Codes & Groups
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• You use Tax Groups window to define withholding tax groups that
include multiple Withholding Tax type tax codes. You can assign the
same tax code to more than one group.
• When you assign a withholding tax group to an invoice or distribution,
Payables calculates invoice withholding tax based on every tax code in
the withholding tax group.
Use withholding tax options (Cont…)
Defining Tax Codes & Groups
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Use withholding tax options (Cont…)
Defining Tax Codes & Groups
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• You use the Withholding Tax Certificates and Exceptions window
to define Withholding Tax type tax code rate exceptions for a
supplier site.
Withholding Taxes for Suppliers
Use withholding tax options (Cont…)
Withholding Tax Certificates and Exceptions
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• You enable withholding taxes for a supplier and supplier sites in the Tax
Details region of the Suppliers page.
• Select Allow Withholding Tax option if you want to enable withholding
for a supplier or supplier site, and select a default Withholding Tax
Group that Payables will default to all invoices you enter for the supplier
or supplier site.
Withholding Taxes for Suppliers
Section Objectives
In this section we will cover the following topics:
• Identify the withholding tax process
• Use withholding tax options
• Process manual withholding tax invoices
• Create withholding tax on Standard Invoices, Recurring Invoices and
Application of Prepayment
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Application of Prepayment
• Process automatic withholding tax invoices
Process Manual withholding tax invoices
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Process Manual withholding tax invoices (Cont…)
If you choose to create withholding tax invoices manually, create an
invoice for each Withholding Tax type invoice distribution on an invoice.
Create the invoice for the tax authority supplier and site assigned to the
Withholding Tax type tax code and for the amount of the Withholding Tax
type invoice distribution
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Section Objectives
In this section we will cover the following topics:
• Identify the withholding tax process
• Use withholding tax options
• Process manual withholding tax invoices
• Create withholding tax on Standard Invoices, Recurring Invoices
and Application of Prepayment
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and Application of Prepayment
• Process automatic withholding tax invoices
Create withholding tax on Standard Invoices,
Recurring Invoices and Application of Prepayment
Invoice With Withholding tax
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Create withholding tax on Standard Invoices, Recurring
Invoices and Application of Prepayment (Cont…)
Invoice With Withholding tax (Cont…)
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Withholding tax when applying Prepayments
Create withholding tax on Standard Invoices, Recurring
Invoices and Application of Prepayment (Cont…)
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Withholding tax from Recurring Invoices
Create withholding tax on Standard Invoices, Recurring
Invoices and Application of Prepayment (Cont…)
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Projected Withholding tax
Create withholding tax on Standard Invoices, Recurring
Invoices and Application of Prepayment (Cont…)
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View Period to Date Withheld Amounts
Create withholding tax on Standard Invoices, Recurring
Invoices and Application of Prepayment (Cont…)
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© 2009 Oracle Corporation – Proprietary and Confidential
Section Objectives
In this section we will cover the following topics:
• Identify the withholding tax process
• Use withholding tax options
• Process manual withholding tax invoices
• Create withholding tax on Standard Invoices, Recurring Invoices and
Application of Prepayment
-26-For Oracle employees and authorized partners only. Do not distribute to third parties.
© 2009 Oracle Corporation – Proprietary and Confidential
Application of Prepayment
• Process automatic withholding tax invoices
Process automatic withholding tax invoices
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Process Automatic withholding tax invoices (Cont…)
•If you specify that you want to create withholding tax invoices during
Invoice Validation, Payables creates unvalidated withholding tax invoices
for tax authority suppliers assigned to tax codes.
•If you specify that you want to create withholding tax invoices during
payment processing, Payables creates unvalidated withholding tax
invoices (for those invoices where you have applied withholding tax)
during the Confirm program of payment batch processing, or during
processing of a Quick payment.
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processing of a Quick payment.
•Payables does not automatically withhold taxes if you pay with a manual
payment or a refund.
Withholding Tax By Invoice Report
Withholding Tax By Payment Report
Withholding Tax By Tax Authority Report
Withholding Ta By Supplier Report
Withholding Tax Certificate Listing
Key Reports Related to Withholding Tax
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Withholding Tax Certificate Listing
Withholding Tax Letter
Withholding Tax Report
Withholding Tax Certificate Listing
• You use the Withholding Tax Certificate Listing to review
withholding tax certificates for a supplier or all suppliers.
Withholding Tax Letter
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Withholding Tax Letter
• You use this report to create a withholding tax letter to mail to
your suppliers on a periodic basis. This letter contains a list of
withholdings made for a supplier, summarized either by tax type
and tax rate or by supplier site.
Withholding Tax Report
• You use this report to create a withholding tax report for your
company’s internal reporting needs. This report contains a list of
withholdings made on behalf of your suppliers, summarized
either by tax type and tax rate or by supplier site, and grouped
by supplier.
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