New Tax Entity

Most larger companies can be viewed as a collection of organizational entities that each have their own distinct set of tax rules. Whether the distinction between these different parts of the company is geographical or functional, they will have special tax treatments that are not universal. In Administration, we call these different parts of a company Tax Entities.

After creating your Tax Instances, you can create Tax Entities and assign them to Instances:

1. In the Tree Menu, click Setup | Taxes | Tax Entity.

The Advanced Administration Application displays the Tax Entity List form.

2. Click [New Tax Entity].

The Advanced Administration Application displays the New Tax Entity form.

3. Click in the Name text box and type a brief name to identify the tax entity
4. Click in the Description text box and type a brief description of the tax entity.
5. Click in each of the Tax Instances drop-down menus, and select the name of a Tax Instance for each tax type.

A drop-down menu in displayed for every Tax Type entry in the database, for example:

• SUT (sales/use tax),
• VAT (value added tax) or
• Goods and Service Tax.

Each drop-down menu has an option for every Tax Instance of that type in the database, for example: TaxWare, or Commerce One Simple Tax. If no other tax instance is selected, an instance using Commerce One Simple Tax is used by default.

6. Click:
• [Save] to save the new tax entity and leave the New Tax Entity form, or
• [Cancel] to leave the New Tax Entity form without making any changes.