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R12: E-Business Tax Fundamentals

Event Description

The Oracle E-Business Tax engine gives you flexibility and control over your tax affairs. The self service user interface allows you to configure and maintain simple or complex scenarios to ensure compliancy with local and cross border trading tax rules.

Your questions answered

  • What impact does E-Business Tax have and what options are available?
  • What setup steps are required for E-Business Tax?
  • How can we effectively managed our tax rules and tax transactions?
  • How can we improve tax efficiency and streamline our business processes?
  • How does E-Business Tax differ from standard tax setup within 11i?

Improvements that benefit your business

E-Business Tax supports multiple transaction classification, including the ability to determine tax based on product types, intended use, import/export destinations, as well as user definable fiscal classifications. Additionally, E-Business Tax supports the calculation of self-assessed tax, where there is requirement to pay tax even when it is not specified on the invoice. Underpinning E-Business Tax is a centralised Tax Repository which stores all your tax transactions. This provides a single source of tax information to facilitate your reporting and reconciliation requirements. E-Business Tax is vast and potentially complex. Configured correctly will allow your business to enjoy increased process efficiencies.

Seminar topics

The seminar covers the implementation steps required to set up and configure E-Business Tax correctly – from the initial definition of legal entities, tax hierarchies and the actual rates themselves – through to the creation and maintenance of bespoke tax rules to accommodate specific scenarios. The seminar will cover topics such as:

  • Identify how your company can benefit from using E-Business Tax
  • Define Tax Content Services – set up your ‘Regime to Rate’ flow and tax parties
  • Configure Tax Determination Services
  • Tax Rules Management – use condition sets to create bespoke tax rules
  • Use the Tax Simulator to verify and check different scenarios
  • Understand the impact of incorrectly implemented rules and how to avoid it

Correctly implementing E-Business Tax can automate your tax calculations and reporting. It will reduce the reliance on staff to select the correct rate in any given scenario, ensuring that your company is compliant. Regardless of how simple or complex your company’s requirements are, E-Business Tax has the versatility to be configured to meet your requirements.

Event length: 1 day

Event cost: £465

Date and time:

Dates throughout the year make enquiries.

Starts: 9:30 Ends 17:00

Location:

Strathallan House Midland Road Hemel Hempstead Hertfordshire HP2 4LS

Category: Seminar, E-Business Suite

Agenda

  • Overview of E-Business Tax
  • Basic configuration, tax hierarchies and tax definitions
  • Tax profiles, setting up internal and external tax parties
  • Fiscal classifications, tailor E-Business Tax to your business
  • Creating and using tax rules
  • Using the tax simulator
  • Tax reporting
  • Q&A
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