The E-Business Tax (EBTax) module has been introduced in Release 12 to manage all the tax requirements, content, calculation, rules engine, and reporting from a centralized repository fully integrated with all other E-Business Suite business flows.
E-Business Tax is based on a global system architecture. It is configurable and scalable for adding and maintaining country-specific tax content. With E-Business Tax, you can model your tax requirements according to the needs of local and international tax requirements.
This includes:
Simple and complex country-specific tax legislation
Cross-border transactions
Local compliance requirements for recording and reporting
Continual changes to tax legislation, such as new taxes, local law changes, special tax rates, and special exceptions for products and customers
This ensures a uniform tax setup across applications, with a centrally managed system of automated tax services and control over manual intervention and update...