Defining Tax Exempt Certificate Information for Companies, Consumers and Sites

This chapter provides an overview of Tax Exempt Certificates and discusses how to work with Tax Exempt Certificate information.

Understanding Tax Exempt Certificates

Various types of organizations are exempt from paying sales tax, state hotel occupancy tax and, if incorporated, franchise tax. The exemptions vary, depending upon the type of organization. Organizations include charitable, educational, and religious.

Government entities are frequently asked to provide a tax-exempt number or determination letter to prove status as a tax-exempt or charitable entity. For example, applications for grants from a private foundation or a charitable organization generally require this information as part of the application process. In addition, donors frequently ask for this information as substantiation that the donor’s contribution is tax deductible, and vendors may ask for this to substantiate that the organization is exempt from sales or excise taxes.

Note. Exemption from sales taxes is made under state, not Federal, law.

Tax exemption details are displayed and maintained on the Company, Consumer, and Site components. Updates to the Tax Exempt Certificate information is published to Supply Chain Management.

Tax exempt information created in PeopleSoft CRM can be viewed and edited in PeopleSoft SCM and tax exempt information created in PeopleSoft CRM can be viewed and edited in PeopleSoft SCM.

Working with Tax Exempt Certificate Information

This section discusses how to enter and maintain Tax Exempt Certificate information.

Page Used to Work with Tax Exempt Certificate Information

Working with Tax Exempt Certificate Information

Access the Tax Exempt Certificate page (click the Tax Exempt Certificate link on the Company - Summary page, on the Consumer - Summary page, or on the Site - Summary page).

Exemption Certificate and Issuing Authority	Record multiple tax exemption certificates for each customer and select an authority type to classify the issuing authority. For each exemption certificate, enter an effective date, status, issued date, and expiration date.
Tax Exempt Category	Specify the exemption category for which the customer qualifies with this purchase: Blanket: Exemption category exists for all purchases of this type. Single Purchase: Exemption category exists for the specified purchase only. Other: You've defined another exemption category.
Exempt License	Select the check box to denote that a tax-exempt license is issued to the customer.