Tax Invoice Creation Point Options

On the Manage Tax Reporting and Withholding Tax Options page, define the tax invoice creation point to specify when to automatically create withholding tax invoices to remit withheld taxes to tax authorities.

Tax invoice creation point is determined at:

• Blank

• Invoice

• Payment

The options available are dependent on the value in the Calculation Point field.

Blank

Select Blank so Oracle Fusion Tax doesn't automatically create withholding tax invoices. You can enable this option for any value you selected as the calculation point.

You must run the withholding tax reports to determine the amounts to remit to your tax authorities, and create the withholding tax invoices.

Invoice

Select Invoice for a withholding invoice to be automatically created when an invoice subject to withholding tax is validated. You can enable this option only if the calculation point is applied at invoice validation time.

Payment

Select Payment for a withholding invoice to be automatically created when an invoice subject to withholding tax is paid. You can enable this option if the calculation point is applied either at invoice validation or at payment.