How You Set Up Configuration Owner Tax Options for Receivables Event Classes

Set up configuration owner tax options for a combination of configuration owner and application event class. Using configuration owner tax options, a configuration owner can update default tax options on transactions that belong to a specific application event class.

At receivables transaction time, the tax option settings of the configuration owner and application event class are used instead of the default settings

Defining Default Tax Options

The following table describes the defaults and controls available at the configuration owner tax options level for this application and these event classes:

• Receivables: Credit Memo

• Receivables: Debit Memo

• Receivables: Invoice

Unless otherwise noted, the applicable check box options are automatically selected depending on the event class you're using. Default tax options don't populate any setup options you subsequently define.

Option	Description
Allow exemptions	Allows tax exemptions for this application, event class, and configuration owner. This option isn't selected by default.
Regime Determination Set	Controls whether the tax determination process uses: Migrated 11i approach using standard tax classification codes where the value is STCC Full regime determination using the predefined rule of TAXREGIME to determine applicable tax regimes User-created regime determination rules
Enforce tax from account	Enforces that tax calculation is based on the tax account information associated with the transaction tax line.
Allow tax applicability	Automatically calculates tax at transaction time for this configuration owner, application, and event class.
Allow entry of manual tax lines	Use this option in conjunction with the Allow entry of manual tax lines option for the tax. When both options are selected, you can enter manual tax lines at transaction time.
Allow recalculation of manual tax lines	Recalculates tax for manual tax lines when you update transaction lines
Allow override of calculated tax lines	Use this option in conjunction with the Transaction Tax Line Override profile option and the Allow override of calculated tax lines option for the tax. When all options are selected you can update the calculated tax line, excluding the update of the Inclusive option and the tax rate. To update the Inclusive option and tax rate at transaction time, select additional options for the tax rate.
Allow override and entry of inclusive tax lines	Use this option in conjunction with the Transaction Tax Line Override profile option, the Allow override of calculated tax lines option for the configuration owner tax options, and the Allow override and entry of inclusive tax lines option for the tax rate to allow you to update the Inclusive option on the tax line at transaction time
Default Tax Point Basis	Identifies the event on which the tax is levied, accounted in the books, and reported to the tax authorities.