Alternate Tax Rate/Area Assignments in Expense Participation

If you have enabled the alternate tax rate/area assignment functionality for the company of the building, the system retrieves the alternate tax rate/area when you add or modify an expense participation detail record. The system retrieves the alternate tax rate/area only when the entities for the record are in the European Union and an alternate tax rate/area is set up for the entities in the Alternate Tax Rate/Area Definition program (P40081).

When you enter a building in a detail line, the system retrieves the alternate tax rate/area based on the company of the building and the tenant associated with the lease. If you change the building, the system retrieves the alternate tax rate/area associated with the new value. If you manually enter a tax rate/area, the system does not retrieve an alternate tax rate/area when you change the building.

See also: Alternate Tax Rate/Area Assignments for Real Estate Management