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11. Receivables > E-Business Tax
E-Business Tax is the new rules based tax engine that allows for multi-country taxability on transactions. The new module still requires loading of tax rates from a service provider to manage accurate tax calculation.
The configuration for this is discussed in detail in Chapter 13,E-Business Tax (EBTax).
The configuration for tax calculation to work properly in Oracle Order Management, Oracle Receivables, and Oracle Service Contracts requires accurate addresses with appropriate jurisdiction information.
The key aspects of the new tax engine are as follows:
- Jurisdiction and Address Validation
- Requiring rules to apply (or not apply) taxes to receivables transactions
Both the previous tasks are performed as part of the configuration for E-Business Tax.
