Setting Up a Tax Authority Tax Profile

Use the Oracle Legal Entity Manager to set up each tax authority as a legal authority for transaction tax.

Set up a tax profile for each of your tax authority party records. The tax authority party tax profile identifies a tax authority party as a collecting authority and/or a reporting authority. A collecting tax authority manages the administration of tax remittances. A reporting tax authority receives and processes all company transaction tax reports.

The collecting and reporting tax authorities appear in the corresponding list of values on all applicable E-Business Tax pages. All tax authorities are available in the list of values as an issuing tax authority.

If you associated tax reporting types with party tax profile, enter any applicable tax reporting codes.