Glossary


A | B | C | D | E | I | L | N | P | R | S | T | V

A

automatic assignment catalog
A non-hierarchical catalog to which categories that match the catalog's Catalog Structure value are automatically added. Add categories and share categories actions are disabled for this catalog configuration.

B

browsing category
Parent or intermediate category that is associated with other categories in the catalog hierarchy, but has no assigned items.

C

category
Catalog component that is associated to a catalog to classify items.

D

document event class
Categorization of events within an application, such as Payables, Purchasing, or Receivables. For example, Payables event classes include standard invoices, prepayment invoices, and credit memos.
document fiscal classification
A classification used by a tax authority to categorize a document associated with a transaction for a tax.

E

Europe, Middle East, and Africa (EMEA)
A regional designation used for government, marketing and business purposes for countries in Europe, the Middle East, and Africa.

I

intended use fiscal classification
A tax classification based on the purpose for which a product is used.

L

A classification associated with a legal entity that represents its legal status within a country and which also guides the tax determination process.

N

native catalog
A catalog that a user is managing.

P

party fiscal classification
A classification used by a tax authority to categorize a party for a tax.
product category fiscal classification
A classification defined for a noninventory-based product category, that is used for tax determination or tax reporting purpose.
product fiscal classification
A classification used by a tax authority to categorize a product for a tax. There can be more than one classification by tax.

R

referenced category
A category within the native catalog that is shared from a designated source catalog. A reference category is not editable.

S

shared category
A category within a source catalog that has been added to a native catalog as a referenced category. The category can be shared with one or more catalogs.

T

tax
The classification of a charge imposed by a government through a fiscal or tax authority.
tax determining factor
An input that affects the outcome of a tax calculation process. Tax determining factors are grouped into tax determining factor sets and used to define tax condition sets and tax rules.
tax exception
A condition or combination of conditions that result in a change from the standard values for a particular product.
tax exemption
A full or partial exclusion from taxes within a given time period.
tax formula
A tax formula is used to define the taxable basis and tax calculation for a given tax.
tax jurisdiction
A geographic area where a tax is levied by a specific tax authority.
tax rate
The rate specified for a tax status for an effective time period. A tax rate can be expressed as a percentage or a value per unit quantity.
tax recovery
The full or partial reclaim of taxes paid on the purchase or movement of a product.
tax regime
The set of tax rules that determines the treatment of one or more taxes administered by a tax authority.
tax registration
The registration of a party with a tax authority that confers tax rights and imposes certain tax obligations.
tax rule
A user-defined rule that looks for a result for a specific tax determination process in relation to a transaction tax. Tax rules can use determining factors such as determining place of supply or tax registration, among others.
tax status
The taxable nature of a product in the context of a transaction for a tax.
transaction business category
A business classification used to identify and categorize an external transaction into a tax transaction.
transaction fiscal classification
A classification used by a tax authority to categorize a transaction for a tax. There can be more than one classification by tax.

V

value-added tax (VAT)
An indirect tax on consumer expenditures that is collected on business transactions and imported goods. Value-added tax (VAT) is added to products at each stage of their production. If customers are registered for VAT and use the supplies for taxable business purposes, then they typically receive credit for the VAT that is paid.