Release 12 Localizations – Financials for Asia Pacific

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

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.

1. Highlights:Release 12 Oracle EBS Financials
2. Release 12 : Legal Entity uptake
3. Understanding Security in : Oracle Financials and Manufacturing
4. Organization Hierarchy model
5. Understanding Multi-Organization Structure in EBS – Part 1