Create a new Tax Regime

1. Log into Forms:

Field Value
Username/Password Operations/welcome
Responsibility Tax Managers
. !reate a new Tax Regime
"#$ Tax !on%ig&ration ' Tax Regimes
"($ !reate
Field Value
Tax Regime !ode )) T*)
#ame )) T*)
Regime Le+el !o&ntry
!o&ntry #ame United ,tates
Parent Regime
!ode
Lea+e blan-
.%%ecti+e From .nter today/s date
.%%ecti+e To Lea+e blan-
Used to 0ro&p
Regimes
"!1ec-box$
Lea+e &nc1ec-ed
"2$ .xpand ' ,1ow !ontrols and 3e%a&lts
Unc1ec- all !ontrols:
Field Value
*llow Tax Reco+ery "!1ec-box$ Unc1ec-
*llow O+erride and .ntry o% 2ncl&si+e Tax Lines
"!1ec-box$
Unc1ec-
*llow Tax .xemptions "!1ec-box$ Unc1ec-
*llow Tax .xceptions "!1ec-box$ Unc1ec-
.nter 3e%a&lts:
Field Value
Page 1 of 10 244038994.doc
Tax !&rrency U,3
Minim&m *cco&ntable Unit 4.41
Ro&nding R&le "3ropdown$ #earest
Tax Precision "de%a&lt$
"($ !ontin&e
.nter !on%ig&ration Options:
Field Value
Party #ame "LO5$ 5ision Operations
"Party type select
Operating &nit owning
tax context and %irst
party legal entity one by
one$
!on%ig&ration %or Taxes and R&les
"3ropdown$
!ommon !on%ig&ration
.%%ecti+e From .nter today/s date
Tax Precision "de%a&lt$
"($ Finis1
Create a new Tax
6. !reate a new Tax
Tax !on%ig&ration ' Tax Regime
,earc1 %or t1e Tax Regime we created in t1e abo+e step:
Field Value
!o&ntry #ame United ,tates
Tax Regime !ode )) T*)
"($ 0o
Ret&rns t1e Tax Regime we created abo+e
"2$ Regime to Rate Flow
Opens t1e Regime to Rate Flow 7indow and displays t1e tax regime we created in t1e
pre+io&s step.
Page 2 of 10 244038994.doc
"2$ !reate Tax
Field Value
Tax Regime !ode )) T*)
!on%ig&ration Owner "LO5$ 0lobal !on%ig&ration
Owner
Tax ,o&rce "dropdown$ !reate a new tax
Tax )) T*)
Tax #ame )) T*)
.%%ecti+e From "LO5$ .nter today/s date
0eograp1y Type "LO5$ !o&ntry
Parent 0eograp1y !o&ntry
Parent 0eograp1y #ame United ,tates
Tax !&rrency U,3 "de%a&lt$
Minimum Accountable Unit 4.41 "de%a&lt$
Rounding Rule #earest "de%a&lt$
Tax Precision
Exchange Rate Lea+e blan-
"($ *pply
Ret&rns to t1e Regime to Rate Flow window
"8$ .xpand *ll
Two le+el types will now appear 9 regime and tax
Create a new Tax Status, Jurisdiction and Rules
:. !reate a #ew Tax ,tat&s
"2$ !reate Tax ,tat&s "on Tax Le+el Type row$
Field Value
Tax ,tat&s !ode )) T*) ,tat&s
#ame )) T*) ,tat&s
.%%ecti+e From .nter today/s date
Tax )) T*)
,et as 3e%a&lt Tax ,tat&s "!1ec-box$ ,elect
3e%a&lt ,tat&s .%%ecti+e From .nter today/s date
Page 3 of 10 244038994.doc
"($ *pply
Ret&rns to t1e Regime to Rate Flow window
"8$ .xpand *ll
T1ree le+el types will now appear 9 regime; tax and stat&s
<. !reate a #ew Tax Rate
"2$ !reate Tax Rate "on ,tat&s Le+el Type row$
Field Value
Tax =&risdiction !ode Lea+e blan-
Tax Rate !ode )) T*) Rate
Rate Type "dropdown$ Percentage "de%a&lt$
Percentage Rate 14
.%%ecti+e %rom .nter today/s date
"2$ Rate 3etails
Field Value
Tax Rate #ame )) T*)
,et as 3e%a&lt Rate "c1ec-box$ ,elect
Default Efective From .nter today/s date
"($ *pply ' "($ *pply
Ret&rns to Regime to Rate Flow window
>. !reate a new =&risdiction
"T$ Tax !on%ig&ration ' ",T$ Tax =&risdictions
"($ !reate
Field Value
Tax =&risdiction !ode )) T*) =&risdiction
Tax =&risdiction #ame )) T*) =&risdiction
Tax Regime !ode )) T*)
Tax )) T*)
0eograp1y Type !o&ntry
.%%ecti+e From .nter today/s date
Page 4 of 10 244038994.doc
0eograp1y #ame United ,tates
Precedence Level 644 "3e%a&lt$
ollecting Tax Authorit! Lea+e blan-
Re"orting Tax Authorit! Lea+e blan-
Set as default Tax Jurisdiction "!1ec-box$ ,elect
Default Efective From .nter today/s date
"($ *pply
?. !reate 3e%a&lt R&les
"T$ Tax !on%ig&ration ' ",T$ Tax R&les
Field Value
!on%ig&ration Owner "LO5$ 0lobal !on%ig&ration
Owner
Tax Regime !ode "LO5$ )) T*)
Tax "LO5$ )) T*)
"($ 0o ' "8$ .xpand *ll
@ r&les will be ret&rned. 7e will &pdate eac1 r&le as %ollows:
3etermine Places o% ,&pply ' "2$ Update
Field Value
Rule T!"e Default #L$%& ,1ip From
"($ *pply
3etermine Tax *pplicability ' "2$ Update
Field Value
Rule T!"e Default #L$%& *pplicable
"($ *pply
3etermine Tax Registration ' "2$ Update
Field Value
Rule T!"e Default #L$%& (ill %rom Party
Page 5 of 10 244038994.doc
"($ *pply
3etermine Taxable (asis ' "2$ Update
Field Value
Rule T!"e Default #L$%& ,tandardAT(
"($ *pply
!alc&late Tax *mo&nts ' "2$ Update
Field Value
Rule T!"e Default #L$%& ,tandardAT!
"($ *pply
B. !reate Tax *cco&nt
"T$ Tax !on%ig&ration ' ",T$ Taxes
,earc1:
Field Value
Regime Level !o&ntry
ountr! United ,tates
Tax Regime ode )) T*)
"($ 0o
"2$ Update
"($ Tax *cco&nts
Field Value
Ledger 5ision Operations "U,*$
"($ !reate
Field Value
$"erating Unit 5ision Operations
Tax Ex"ense Account 41C114C??14C4444C444
*dd Tax Reco+ery/Liability *cco&nt
41C444C<4C4444C444
"($ *pply
Page 6 of 10 244038994.doc
"($ *pply
"($ *pply
@. Ma-e Tax a+ailable %or Transactions
"T$ Tax !on%ig&ration ' ",T$ Taxes
Field Value
!o&ntry #ame "LO5$ United ,tates
Tax Regime !ode "LO5$ )) T*)
Tax "LO5$ )) T*)
"($ 0o
)) T*) ' "2$ Update
Field Value
Ma-e Tax *+ailable %or Transactions
"!1ec-box$
,elect
"($ *pply
3isplays 7arning:
5alidation .rror: T1is tax does not 1a+e an exc1ange rate type. *re yo& s&re yo& want to
enable t1is taxD
"($ Ees
T1e tax is now ready %or &se in Transactions or in Tax ,im&lator.
"8$ 8ome "&pper rig1t corner o% window$
Enter an Invoice in Payables
14. ,elect Payables Responsibility:
Field Value
Responsibility Payables; 5ision
Operations "U,*$
11. .nter an 2n+oice
"#$ 2n+oices ' .ntry ' 2n+oices
Page 7 of 10 244038994.doc

Field Value
Type ,tandard
Trading Partner *d+anced #etwor-
3e+ices
,&pplier site FR.,#O
2n+oice 3ate .nter today/s date
2n+oice #&mber *ny
!&rrency U,3
*mo&nt @@4.44
*ccept all ot1er de%a&lts
",T$ Lines
Field Value
Line 1
Type 2tem
*mo&nt @44
3istrib&tion *cco&nt 41C114C?114C4444C444
3escription *ny
0L 3ate .nter today/s date
(&siness !ategory P&rc1ase Transaction
Prod&ct Type 0oods
Tax !lassi%ication !ode )) Tax
"2$ ,a+e
"($ *ctions ' Select "5alidate$ !1ec-box ' "($ OF
"($ *ll 3istrib&tions
1 Tax Lines 1as been created:
Page 8 of 10 244038994.doc
Enter an Invoice in Receivables
1. ,witc1 Responsibility to Recei+ables:
"2$ ,witc1 Responsibility
Field Value
Responsibility Recei+ables; 5ision
Operations "U,*$
16. .nter an in+oice in Recei+ables
Transactions ' Transactions
Field Value
,o&rce Man&al
3ate .nter today/s date
0L 3ate .nter today/s date
!lass 2n+oice
!&rrency U,3
Type 2n+oice
Legal .ntity 5ision Operations
",T$ Main
Field Value
,1ip To (&siness 7orld
*ccept all ot1er de%a&lts
"($ Line 2tems ' ",T$ Main
Field Value
#&m 1
3escription *ny
UOM .a
G&antity 1
Unit Price 1;444.44
Tax !lassi%ication )) Tax
"2$ ,a+e ' "($ 3istrib&tions
Page 9 of 10 244038994.doc
,elect ' *cco&nts %or all Lines "dropdown$
Tax Lines 1as been created:
Page 10 of 10 244038994.doc