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Release 12 Localizations – Financials for Asia Pacific

Posted on January 18th, 2010 by Sanjit Anand ||Email This Post Email This Post

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Those who are implementing Oracle EBS suite in Asia Pacific may have some local statutory Tax Requirement requirement. If have localization take a note some of GST specific report been moved to E Business Tax in R12.

  • Korean Tax Reporting
    • Setup Change, which is mostly for Withholding:
      • First one Profile Option Name Change From ‘GL: Set of Books Name’ To ‘GL: Ledger Name’
      • Korean Company Information defined as HR Locations – and associated to HR Organization in 11i will be upgraded to Legal Entity model in R12
      • To define new company information or modify upgraded definitions, users must access the new Legal Entity Configurator flow
        Business Locations – and respective Tax Registration Numbers which are not legal addresses can still be defined as HR Locations for reporting purposes
    • VAT Tax Report -Korean VAT report and extract have been classified as Business reports, therefore the parameter Reporting Level will have two display values: ‘Ledger’ and ‘Operating Unit’ and no longer display ‘Legal Entity’ like in 11i. This report can be extract under Oracle E-Business Tax responsibility.
  • Singapore Tax Requirement
    • Taxes Setup Changes:
      • Singaporean Company Information which was defined as HR Locations in 11i is now upgraded to Legal Entity model in R12
      • To define new company information or modify upgraded definitions, users must access the new Legal Entity Configurator flow
      • Singapore Input and Output tax codes definition will be upgraded to Oracle E-Business Tax model
      • To define new Singapore taxes or modify upgraded ones, users must access the new Regime to Rates flow
      • Supplier Exchange Rate will be stored as part of line determination factor in eBTax model
      • User will need to enter Supplier Exchange Rate through eBTax UI.
      • Gain/Loss Report, GST F5 Report will select supplier exchange rate from eBTax model
    • Reports Changes
      • GST F5 Report
      • Input Taxes Gain/Loss Report
  • Taiwanese Tax Reporting, the only change is these are moved into xml Publisher.
    • Input Tax Report
    • Payables Sales/Purchase Return and Discount Certificate
    • Purchase Return and Discount Report
    • Output VAT Report
    • Receivables Zero-Rate Tax Report
    • Receivables Government Uniform Invoice Report
    • Sales Return and Discount Report
    • Pro-Forma 401 Report
  • India Localizations

Oracle Financials for India previously was referred to as India Localization and was a product outside the Oracle E Business Suite.

From Release 12 onwards Oracle Financials for India will be part of the Oracle E Business Suite as a standard product.

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