Taxes on Invoices

Oracle Fusion Payables integrates with Oracle Fusion Tax to support automatic tax calculation on payables invoices. Oracle Fusion Tax is a central repository of various tax rules and setups.

It supports different types of taxes, such as:

• Self-assessed taxes

• Recoverable and nonrecoverable taxes

• Inclusive and exclusive taxes

• Withholding taxes

• Exemptions

• Exceptions

Payables provides the tax support for US 1099 income taxes.