1.2.5 Tax Details

Use the Tax Details to define the Tax Details.

In Oracle Banking Treasury Management, you can compute the tax that applies on a contract or deal by:

• Setting up a tax rule
• Linking tax rules to create a tax scheme
• Associating a product with a tax scheme. The rules that are part of the scheme will apply on all contracts processed under the product
• Amending, if required, certain tax details that a contract acquires from the product under which it is processed

You can identify the tax components for a product in the Tax Details screen.

1. Click Tax button in the Product Definition screen of any module to invoke this screen.
   The system displays the Tax Details screen.

   Figure 1-4 Tax Details

   
   Description of "Figure 1-4 Tax Details"
2. Specify the fields.
   The steps involved in processing tax for a contract is explained in the Tax User Manual.