Previous  Next          Contents  Index  Glossary  Library

Overview (Investment Tax Setup)

Use the Investment Taxes window to set up investment tax. You can calculate investment tax on individual lines in Oracle Payables on the basis of given rules.

Enter the following in the Investment Taxes window:

nor90000.gif Tax segment

nor90000.gif Value that indicates investment tax

nor90000.gif Investment tax rate

nor90000.gif Investment tax Accounting Flexfield Segment value

nor90000.gif Tax code allowed for use with the segment value defined

All invoices with distributions that do not match an Accounting Flexfield combination and invoice line tax code combination defined in the Investment Taxes window are set to hold by Oracle Payables.

Note: You do not have to complete all fields in the Define Investment Taxes window; you can use this window to query whether certain Tax Codes and Accounting Flexfield combinations will result in investment tax lines being added to invoices or not.

         Previous  Next          Contents  Index  Glossary  Library