Use Amounts in the Transaction Currency to Calculate Tax

You can now use Oracle Pricing to calculate tax so it more closely matches the tax calculations in Oracle Receivables.  Control whether to use amounts in the transaction currency or the charge currency when you calculate tax for each transaction.  Pricing uses the charge currency to calculate tax, by default. You can now use the transaction currency instead.

Calculate tax consistently across your enterprise.

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Order Management

Functional Area: Pricing

Parent Feature: Set Your Options for Pricing Calculation

Tips And Considerations

If you use more than one currency in your transactions, then we recommend that you create different series of test data to determine whether the transaction currency or the charge currency provides the optimal results for your tax calculations.

Key Resources

• Manage Pricing Algorithms

Access Requirements

Users who are assigned a configured job role that contains these privileges can access this feature:

• Price Sales Transactions (QP_PRICE_SALES_TRANSACTIONS)

This privilege was available prior to this update.