The Tax Configuration: Advanced tier leads you away from mainstream compliance into specialist cases. Tax or recovery is calculated based on these and other factors. Tax recovery uses the Services tier to return the appropriate tax or recovery for the product to the entity requesting it. Other services include setup and partner integration services. Third-party tax partners deliver external data, such as tax rates, simplifying your tax processing.For example, the advanced configuration includes setting up tax rules to determine:
Tax regimes
State sales tax versus a national customs tax
Shipment and delivery details
Registrations, both yours and your customers and vendors
Tax basis that results from the combinations of the above considerations
Tax rates and recovery rates
Configuration of Advanced Tax Capabilities in Oracle Fusion Cloud
Enrol Now for Fusion Financials Cloud Tax Training
Apps2Fusion Articles 