Oracle Golden Tax was introduced in Oracle Apps R12 so it is not available to prior e-business suites. Golden Tax Adaptor helps transfer information from Account Receivables into Oracle Golden Tax and send it to Golden Tax system.
In China there are 2 types of credit memo, Special VAT credit Memo and other one called common VAT (Value added Tax ) credit memo, To issue a Special VAT credit memo, you need to first fill application form and get approval from tax bureau. The 16 digit number on form needs to be put into description in golden tax Adaptor, The remaining process as handle in AR invoices.
withing the Golden Tax system you need to maintain bank name, bank branch name and bank account number for your customers , these information should keep in Chinese
Golden Tax System is stand alone system is used to create and print customer vat invoices whenever you sell products or services to Chinese customers.
Vat Invoice Type can map with AR transaction types while configuring Golden Tax Adaptor .
Golden Tax System (ASINO) requires Customer name, address,tax player id, bank information,invoice reviewer's name and collector's name apart from this we also need to setup the invoice amount limit, number of limit,etc in oracle system
Deposit Golden Tax Invoice : there is not any VAT involved, so there is no VAT with Golden system.In oracle Financials AR you can define transaction types which will interface to the golden tax System.
you can define custom transfer rules , The rules helps to prevent unwanted AR transaction types transfer into golden tax modules.
Programs used in golden Tax
Receivables Transfer to Golden Tax Adaptor
- Golden Tax Invoice Purge -- used to purge golden Tax Invoices
- Golden Tax Invoice Mapping Report
