How Reporting-Only Taxes Are Processed

You can identify taxes for reporting purposes only. When these taxes are applicable to the transactions, records are created in the tax repository entities. However, invoice distributions aren't created for these taxes. Therefore, this doesn't impact the payable amount, payment amount, and invoice accounting.

Settings That Affect Reporting-Only Taxes

Set up reporting-only taxes by selecting the Set tax for reporting purposes only option for the tax.

How Reporting-Only Taxes Are Processed

Tax lines for reporting-only taxes have the Reporting Only option enabled. Tax distributions aren't created for these tax lines.

For Oracle Fusion Payables invoices, these lines aren't displayed on the invoice lines. The total of the reporting-only taxes are displayed in the tax totals region of the invoice.

For Oracle Fusion Receivables transactions, reporting-only taxes are handled as any other tax. These taxes are considered a part of the invoice, and are accounted for accordingly.

Tax Line Override

You can't update the Reporting Only option on the detail tax lines.