Posted on July 28th, 2011 by Sanjit Anand ||
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Recenetly Oracle has come up with Tax Content Library via a patch 8618701:R12.ZX.A. It provides tax content for
- EU Countries: Austria, Denmark, Germany, Ireland, Poland, Spain, Belgium, France, Hungary Luxembourg, Portugal, Sweden, Czech Republic, Finland, Italy, Netherlands, Slovakia, United Kingdom
- Non EU Countries: Norway, Switzerland, Turkey
- Reduced Configuration: Australia, New Zealand, Taiwan, Singapore
The data is correct as of 1-Oct-2007
This does not provide updates / changes to Tax Laws e.g. Irish, UK VAT Rate changes of 2008 / 2010 not included
Still local reporting still needs to be configured and significant setups still need to be done
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