Overview of Define Taxes for Rapid Implementation
The Define Taxes for Rapid Implementation task list provides the required and frequently used setup tasks for implementation scenarios. You can use rapid setup spreadsheets to upload your tax setups to create:
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Tax regimes
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Taxes
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Tax rates
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Tax thresholds
Use the standard Define Tax Configuration and Define Advanced Tax Configuration task lists if needed as an additional supplement for any:
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Ongoing maintenance of your tax setups that are not supported using rapid setup spreadsheets.
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Limited tax configurations that cannot be set up or updated using the rapid implementation approach.
Tasks
The Define Taxes for Rapid Implementation task list consists of the following tasks:
Task |
Description |
Required Task to Enable Taxes for Transactions |
---|---|---|
Manage Tax Regimes |
Create and maintain tax regimes for the taxes in each country and geographic region where a separate tax or collection of taxes apply. You can use rapid setup spreadsheets to create tax regimes and tax regime subscriptions. |
Yes |
Run Jurisdiction and Rates Upload Program |
Upload US sales and use tax jurisdictions and tax rates from a tax content provider. |
No |
Manage Taxes |
Create and maintain details for the taxes of tax regimes. You can use rapid setup spreadsheets to create taxes. |
Yes |
Manage Tax Rates and Tax Recovery Rates |
Create and maintain details for tax rates, tax recovery rates, and tax accounting associated with these rates. You can use rapid setup spreadsheets to create tax rates and tax recovery rates. |
Yes |
Manage Tax Rules |
Create and maintain tax rules that define the conditions under which the exceptions to default taxability apply. You can use rapid setup spreadsheets to create tax rules. |
No |
Manage Tax Registrations |
Create and maintain tax registration information related to a party's transaction tax or withholding tax obligation with a tax authority for a tax jurisdiction where it conducts business. |
No |
Manage Tax Exemptions |
Create and maintain tax exemptions to reduce or increase the tax rate applied to a transaction. |
No |
Manage Simulator Transactions |
Verify tax configuration for taxes that are enabled for simulation or for both simulation and transactions to process real-time transactions without affecting any active data. |
No |
When preparing the spreadsheets offline for upload into Oracle Fusion Tax, populate the necessary spreadsheet columns for these tax entities based on known transaction tax business requirements. You can use the detailed instructions and individual column help text in the spreadsheets as a guide.