Oracle-Fusion-Tax - Analysis PDF

Fusion Tax
Sreeni Devireddy
Platform Technology Solutions
Oracle Development
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Agenda
1 Configuration
2 Demo
3 Key Features
4 Implementation Experience
5 User Experience
6 Integration Experience
Agenda
1 Configuration
2 Demo
3 Key Features
5 User Experience
Regime
Determine Tax Regimes
US Sales Tax
Canadian Goods and Service Tax
Indian Excise and Customs
Determine Candidate Taxes
Tax
Determine Tax Applicability
Basic State Sales Tax
County Sales Tax
City Sales Tax
Advanced Determine Place of Supply /
Configuration Configuration Tax Jurisdictions
Tax Status Jurisdictions
Determine Tax Registration
Standard California
Reduced Nevada
Exempt SFO Determine Tax Status
Interstate Los Angeles
Exemptions
Determine Tax Rate Exceptions
Determine Taxable Basis

Tax Rate
STD (5%)
STD-USE (6%)
Calculate Taxes
STD-RENTAL (7%)
Determine Recovery Rate
Copyright 2014, Oracle and/or its affiliates. All rights reserved. |

Configuration
Determining Factors
Agenda
1 Configuration
2 Demo
3 Key Features
5 User Experience
Demo - Example US SUT Regime
Country : United States
Ship-To = SFO; Product Type = Null; Intended Use = Null
State Tax : 7.25% State Tax
Jurisdiction : California
Ship-To = HQ; Product Type = Null; Intended Use = Null Tax Status : Standard
State Tax : 7.25%
City Tax : 5% Tax Rate : 7.25%
Ship-To = HQ; Product Type = Goods; Intended Use = Null No Tax Rules
State Tax : 7.25%
City Tax : 1% City Tax
Jurisdiction : Redwood City
Ship-To = HQ; Product Type = Services; Intended Use = Tax Status : Standard
Null Tax Rate : 5%
State Tax : 7.25%
City Tax : 2%
Tax Rules
Ship-To = HQ; Product Type = Anything; Intended Use = Tax Rate Rules
IF (Product Type = Goods); Tax Rate = 1%
Non-Business IF (Product Type = Services); Tax Rate = 2%
State Tax : 7.25%
Tax Applicability Rule
IF (Intended Use = Non-Business); Result = Not Applicable

Agenda
1 Configuration
2 Demo
3 Key Features
5 User Experience
Agenda
1 Configuration
2 Demo
3 Key Features
Withholding Tax
Thresholds
Tax Point Date
Key Features
Summary
Tax Engine External Integration Simulation
Tax regulations globally Tax partner integration Create transactions for simulation
supported by a single engine infrastructure: or copy live transactions
Centralized tax services Tax Content Update tax attributes on
across applications Tax Calculation Services transactions
Data-driven engine Manual and External Tax On-line review the results of tax
Automatic tax calculation Transactions in the Tax rules
Manual overrides where Repository Enable taxes for simulation and/or

authorized for tax live processing
What-if analysis

Key Features
Withholding Tax
Centralize Tax Compliance Automatic Global
Quick configuration for simple

Rules to determine exact regimes
Tax Shared Service Center
withholding tax applicable to Taxes Based on transaction info
Configure once, subscribe each transaction line Considers all purchases from a
Robust configuration lets Changes to transaction supplier across business units
Payables users to focus on information automatically for schedules, thresholds
transactional entry applies relevant taxes Taxable, tax amount thresholds
Advanced tax configuration Review taxes before invoice and schedules for by
features for complex regimes validation transaction, period
Key Features
Withholding Tax Simple Configuration
Enable the Apply Withholding option and set the other withholding tax options
in the Withholding Tax Options region on the Manage Tax Reporting and
Withholding Tax Options page
Create each tax authority as a supplier with a supplier type of Tax Authority
Create withholding tax codes (i.e, tax rates)
Create withholding tax classifications to group the codes
Specify withholding tax group for Suppliers / Sites
Define withholding tax certificates to handle rate exceptions
Key Features
Key Features
Key Features
Key Features
Key Features
Key Features
Withholding Tax Advanced / Rules-Based Configuration
Enable the Apply Withholding option and set the other withholding tax options
in the Withholding Tax Options region on the Manage Tax Reporting and
Withholding Tax Options page
Define the Withholding Tax Regime and subscribe BU / Legal Entity to it
Create Withholding Tax and associate it with Tax Authority
Create Withholding Tax Jurisdiction, Tax Status & Tax Rates
Update Third Party Tax Profile (Supplier Site) to Register for Withholding Tax
Registration
Define rules using the registration status and other determining factors for
dynamic rate derivations
Key Features
Withholding Tax Rule-based Configuration
Key Features
Withholding Tax Rule-based Configuration
Key Features
Thresholds
Define minimum or maximum tax rate, taxable amount,
or tax amount limits either for: North Dakota
Tax, if these are evaluated for all transactions to
which tax applies
Tennessee
Tax jurisdiction, if these apply to all purchases Arizona
State Single Article Rate
and sales that occur in that jurisdiction City Sales Taxes Florida
Discretionary Sales Surtax
If thresholds apply only in certain circumstances then

specify these thresholds as a result of the
corresponding tax rule, taxable basis rule or tax amount
rules
Apply taxable and tax amount thresholds for a

transaction line or for the entire document
Key Features
Tax Point Date
The event at which tax is
recoverable, reporting
Tax Point can be Invoice,
Delivery, Accounting or
Requisitions, Purchase Payment events
Orders Receipts
Taxes calculated for
Receipts, on accounting
Taxes with Delivery Tax
Point are recovered and
Payments Purchase reported on receipt
Invoices
Option to calculate and
report delivery based on
Invoice
Tax Accounted, Reported on
Invoice Accounting
Invoice
Accounting Tax Recovered on Payment
based on payment amount,
discounts and currency
Key Features
Other Enhancements
Tax Determinants consistently captured and carried Tax Providers, Partners can
forward on all transaction events across procure to pay Provide content using Spreadsheets templates for
and order to cash flows Regimes to Rates, Tax Rules
Location of Final Discharge, First and Third Party Tax Download rates, jurisdictions into spreadsheet. Update,
registrations added as tax determinants add and upload
Read tax lines extract for Reporting & Filing needs
Tax for non-recoverable adjustments calculated and
available for reporting
Tax calculation for intercompany transactions has this integration available for Fusion Customers
orchestrated by supply chain financial orchestration
Tax thresholds based on group of lines. Meet Florida

Max Tax for specific product classifications
Self Assess incremental tax, where supplier has applied

incorrect rates
Key Features
Spreadsheets with full automation using Out-of the Box Web services
Rapid Implementation Spreadsheets Transaction Workbooks
Common Shareable Configuration: Tax Configuration Taxable Transactions (ADFDi Online Spreadsheets)
Workbook Purchase Transactions
Regime to Rates Sales Transactions
Independent Spreadsheets for Tax Regimes, Taxes, Rates,
Recovery Rates Taxable Journals (ADFDi Online Spreadsheets)
Tax Rules Miscellaneous Taxable Transactions
Adjustments
Organization Specific (sensitive) configuration
First Party Tax Registrations Bulk Import of External Transactions (xlsm spreadsheet
templates for offline use)
Subscriptions to Tax Regimes
Transactions without tax
Party Tax Profiles: Including Registrations, Classifications
Transactions with tax calculated in external systems
Tax Accounts
Incremental configuration for changes to

Tax Rates
Tax Jurisdictions
Key Features
Reporting and Analytics
Reporting & Analysis
Central Data Extraction for Tax Auditing and Reporting
Tax Reporting by Legal Entity or VAT Group Legal Entity
Multi-Currency Tax Reporting
Tax Box Allocation Reports
Tax Audit and Reconciliation Reporting
European Sales Listing
Intrastat Reporting
Tax Point Date
Tax Reporting for France, Italy, Sinpapore, Spain and UK, US, etc.
Generic BI Publisher

Agenda
1 Configuration
2 Demo
3 Key Features
5 User Experience
Implementation Experience
Challenges Tax Rapid Implementation
Simple workbook to define common tax configuration
Tax legislations are Complex
3 Sheets,~7-20 attributes each, uses common lingo, in-built
Time consuming to implement validations and documentation
Constantly Changing Partners can jumpstart tax implementation in minutes
Compliance risk on expansion Download existing configuration: update, add for changes and
upload revised spreadsheet for changes to take effect
Tax Users are no Application experts
New Legal Entities automatically enabled for tax of the relevant
geography tax profile
Tax Managers can focus on their core competency without the

overhead of gaining application expertise
Tax Rapid Implementation 1
Tax Configuration Workbook
Download from Manage Tax Regimes
2
Upload & Enable
Generate CSV File to Upload button creates files for upload.
On successful completion, enable taxes for transactions
3
Organization Specific, Sensitive Configuration
Download Tax Implementation Workbook for Tax Accounts, First
Party Registrations, Business Unit Subscription to regimes
Tax Content Library
Tax Content
China Taiwan Singapore delivered in
Rapid
Implementation
Spreadsheets
United Kingdom Germany Finland
Canada
Jump start tax
Belgium Netherlands Hungary implementation
USA
in minutes
France Austria Ireland
Reach out to
Portugal Denmark Luxemburg Oracle Success
Manager
Poland Slovakia assigned to your
Significant Predefined Tax
Australia customer
Content Countries
Sweden Italy account to get
Limited Predefined Tax Content New Zealand content
Countries
Spain Czech
Documented Tax Setup Countries
Agenda
1 Configuration
2 Demo
3 Key Features
5 User Experience
User Experience
Simplified Payables Invoice
1. Lines region would be for
entering, reviewing what you
see on supplier invoice
2. Key tax determinants included
in default view
3. Separate Taxes region.
Expanding this calculates taxes
4. Review taxes. Enforce tax
5 2
amounts on Supplier invoice
4
1 5. Click refresh icon to recalculate
taxes
3 6. Edit taxes, view line level taxes
right from the region
User Experience
Get Social
1
Tax errors during invoice entry
Payables User is notified of tax calculation error
Error transaction details submitted for analysis
2
Analyze & Correct
OSN notifications to open tax simulator
through simulator UI or download
Diagnostic spreadsheet
4 3
Complete transactions with accurate tax Update Setup, correct Transaction

Submit invoice for validation Based on the information in diagnostic
spreadsheet, Update Setup either using Tax
Silent Mode Option: Payables User can speed up . Rapid Implementation Spreadsheets or
transaction entry with manual taxes through Setup UIs
Failed transactions submitted for Tax managers analysis
User Experience 1
Get Social Tax errors during invoice entry
2
Analyze & Correct
3
Update Setup,
correct transaction
4
Complete transactions with accurate tax
.
Agenda
1 Configuration
2 Demo
3 Key Features
5 User Experience
Integration Experience Centralized Tax Compliance
Challenge Solution
o Effort, Cost with tax reporting External Taxable Transactions
from multiple point, custom Configure once and apply same tax rules consistently across all
solutions transactions Created from Fusion or External Applications
o Overhead in maintaining tax Easy to use spreadsheets to enter transactions and import for tax
changes in different systems processing
requiring different structure Spreadsheet templates for bulk load of transactions
Centralized tax lines repository and reporting
o Lost opportunities in
optimizing overall tax costs Legislation Changes: configure once, simulate and enable
o Compliance and Audit risk Benefits

Significant Cost Savings
Enables Tax Shared Service Center
Copyright 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential Internal 37
Integration Experience
External Taxable Transactions
ERP Cloud
External Applications
Tax
eCommerce Billing Configuration
Tax Tax
Centralized Tax
Taxable
Tax Services Repository Reporting Compliance
Transactions
Procurement Supply Chain
Management
Subledger General
Accounting Ledger
Tax on Journals Taxable Transactions

External Journals Sales and purchase transactions
Direct tax adjustments Transactions with and without tax
Integration Experience
External Taxable Transactions
Resources
https://cloud.oracle.com/saasreadiness/erp
Resources
Resources

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Fusion Tax

Determine Taxable Basis

Determine Recovery Rate

Copyright 2014, Oracle and/or its affiliates. All rights reserved. |

Copyright 2014, Oracle and/or its affiliates. All rights reserved. |

Manual overrides where Repository Enable taxes for simulation and/or

Copyright 2014, Oracle and/or its affiliates. All rights reserved. |

Quick configuration for simple

If thresholds apply only in certain circumstances then

Apply taxable and tax amount thresholds for a

Tax thresholds based on group of lines. Meet Florida

Self Assess incremental tax, where supplier has applied

Incremental configuration for changes to

Copyright 2014, Oracle and/or its affiliates. All rights reserved. |

Constantly Changing Partners can jumpstart tax implementation in minutes

Tax Managers can focus on their core competency without the

Complete transactions with accurate tax Update Setup, correct Transaction

Failed transactions submitted for Tax managers analysis

o Compliance and Audit risk Benefits

Tax on Journals Taxable Transactions

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