Epicor Tax Setup

Epicor ERP 10
1

Dear experts, Could you please suggest how to Setup the Tax in Saudi Arabia?

Thanks in advance.

2

My first thought is engage with one of the Epicor Team that works for the Epicor EMEA region.

There is a link on Epicweb to all the details:
https://epicweb.epicor.com/resources/Pages/contact.aspx

3

@Hari_Dutt
Hoping you have the Tax setup for your UAE entity, you just need to replicate the same setup for KSA with the respective tax percentage.

4

@prash172, We didn’t do the setup for UAE entity.

5

@Hari_Dutt
Follow below steps

Create Tax Type
Finance Management -> Accounts Receivables -> Setup -> Tax Type

  • Enter code, description and select

  • Collection Method as “Invoicing”

  • Default tax timing as “Invoicing”

  • New Tax Rate

  • Enter code, description and save

  • New Effective Rate

  • Effective Date

  • Rate Type Select “Percentage”

  • Enter required VAT percentage as per KSA

  • Compare At (Document or line level discuss with your finance team)

  • Select “Document level” and save.

  • New GL Control

  • Select the GL control type and code.

  • GL control type “TAX” define a GL control code by assigning respective GL accounts.

  • Save

Create Tax Liability
Finance Management -> Accounts Receivables -> Setup -> Tax Liability

  • Enter code, description and indicate “Use in AR” and “Use in AP” ( discuss with your finance team)
  • Create New Tax Type
  • Select the Tax Type from the drop down
  • Select the Tax Method
  • Select the Exemption method as “No Exempt”

Add the Tax Liability in the customer master

  • Open Customer maintenance -> Billing -> Details
  • Enter the TAX ID of the customer

Create AR Invoice, it will calculate tax.
Your Company TAX ID can be mentioned in the company configuration.