Tax Reporting Type for Suppliers
The Tax Reporting Type is used to link suppliers for the reporting filter.
Resident Individual in Korea
Follow these steps to create a Tax Reporting type for a supplier who is a resident individual in Korea.
- Navigate to Setup and Maintenance and select Manage Tax Reporting Types.
- Click the Plus icon to create a new tax rate, complete the fields:
- Enter the Tax Reporting Type Code for example ORA_KR_RESIDENT_INDIVIDUAL.
- Enter the Tax Reporting Type Name, for example Resident Individual in Korea.
- Select the Tax Reporting Type Purpose.
- Select the Country.
- In the Reporting Type Uses section, enable the Party Tax Profile check box.
- Search and select the tax reporting codes as applicable.
- Click Save and Close.
Resident Corporation in Korea
Follow these steps to create a Tax Reporting type for a supplier who is a resident corporation in Korea.
- Navigate to Setup and Maintenance and select Manage Tax Reporting Types.
- Click the Plus icon to create a new tax rate, complete the fields:
- Enter the Tax Reporting Type Code for example ORA_KR_RESIDENT_CORPORATION.
- Enter the Tax Reporting Type Name, for example Resident Corporation in Korea.
- Select the Tax Reporting Type Purpose.
- Select the Country.
- In the Reporting Type Uses section, enable the Party Tax Profile check box.
- Search and select the tax reporting codes as applicable.
- Click Save and Close.
Foreign Individual in Korea
Follow these steps to create a Tax Reporting type for a supplier who is a Foreign individual in Korea.
- Navigate to Setup and Maintenance and select Manage Tax Reporting Types.
- Click the Plus icon to create a new tax rate, complete the fields:
- Enter the Tax Reporting Type Code for example ORA_KR_FOREIGN _INDIVIDUAL.
- Enter the Tax Reporting Type Name, for example Foreign Individual in Korea.
- Select the Tax Reporting Type Purpose.
- Select the Country.
- In the Reporting Type Uses section, enable the Party Tax Profile check box.
- Search and select the tax reporting codes as applicable.
- Click Save and Close.
Foreign Corporation in Korea
Follow these steps to create a Tax Reporting type for a supplier who is a Foreign corporation in Korea.
- Navigate to Setup and Maintenance and select Manage Tax Reporting Types.
- Click the Plus icon to create a new tax rate, complete the fields:
- Enter the Tax Reporting Type Code for example ORA_KR_FOREIGN _CORPORATION.
- Enter the Tax Reporting Type Name, for example Foreign Corporation in Korea.
- Select the Tax Reporting Type Purpose.
- Select the Country.
- In the Reporting Type Uses section, enable the Party Tax Profile check box.
- Search and select the tax reporting codes as applicable.
- Click Save and Close.