Withholding tax functionality in AP vs Vertax

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

Withholding tax functionality in AP vs Vertax

Post by Shashi_k »

Hi,

I am currently working on R12 implementation, I have requirement where business has to calculate the USE tax and withhold it from being paid to the supplier in case if use tax is not mentioned on the Invoice and pay it to tax authorities directly by business. Our client has Vertax third party tax engine. now the question is does it works same as it is in oracle payables in cases if client want to use vertax to calculate tax. How oracle behaves for withholding tax when vertax is used for tax calculations.

Regards,
Shashi.
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