List of Chapters and Topics – EBS Tax

Tax Models

Taxes as per Country Laws

Taxes as per State Laws

Item Specific Taxation

Customer/Supplier Specific Taxation

Tax Rules

Tax Recovery

Tax Regimes

What is a Tax Regime

Creating a Tax Regime

Adding Applicable Legal Entities

Taxes

What are Taxes

Creating Tax Definitions within a Tax Regime

Setting Exceptions and Exemptions Applicability

Tax Statuses

What is Tax Status

Creating Tax Statuses under Tax Definitions

Tax Jurisdictions

What is a Tax Jurisdiction

Setting up Jurisdiction Geography Type

Creating Jurisdictions e.g. NY and TX

Tax Rates and Tax Recovery Rates

What is Tax Recovery

Creating Tax Rates

Setting up Recovery Percentage

Recoverable and Non-Recoverable Rates

Setting up GL Accounts for Tax Recovery

Tax Rules

Place of Supply Rule

Tax Applicability Rule

Taxable Basis Rule

Calculate Tax Amounts Rule

Determine Tax Registration Rule

Making Tax Available

Enabling Tax for Transactions

Test Basic Tax Application

Enter Receivables Transaction for NY

Enter Receivables Transaction for TX

Enter Payables Invoices for NY and TX

Automatic Tax Application

Observe and Test Applied Taxes

Item Exceptions

Creating Item Specific Tax Rates

Defining Item Exceptions

Test Exceptions on Transactions

Party Exemptions

Party Specific Tax Surcharge or Discounts

Defining Exemptions

Test Exemption on Transactions

Regime to Rate Flow

Hierarchy of Regime, Taxes, Tax Statuses and Tax Rates

Using Taxware or Vertex

Subscribing to External Tax Vendors

Setting up Service Subscription for Tax Vendor

Geography Hierarchies

Creating Geography Structure

Creating Geography Values

Enabling Address validations

Creating Tax Model from Scratch

Creating Geography Structure and Values

Creating Tax Model based on Geography Structure

Direct Tax Rate Determination Rules

Determining Tax Rates directly by Tax Rules

Using Fiscal Classification Types and Fiscal Classifications

Party Classifications and Tax Rules based on the same

Tax Zones

Setting up Tax Zones

Using Tax Zones to determine Tax Rates