Sovos Docs

Edit fiscal classifications

Learn how to edit fiscal classifications before mapping SKUs to Tax Determination tax codes at the category level in Oracle Fusion Cloud.

Oracle allows you to set or edit an item's fiscal classification before tax determination and pass this value to the tax partner through the payload that Oracle generates. You can use this feature to map SKUs to an inventory category in Oracle so that tax code mappings in Tax Determination can be done at the category level instead of the item level, making it easier to maintain these mappings.
Note:

This is optional but recommended if the item category is specific enough to map to a tax code.

  1. Go to My Enterprise > Setup and Maintenance.
  2. Click the Task icon, then click Search.
  3. Enter Manage Product-Based Fiscal Classifications in the Search field, then click the Search icon and select Manage Product-Based Fiscal Classifications from the results.
  4. In the Search For field, select Product Fiscal Classification Types.
  5. Click the Add (+) icon..
  6. Select the inventory category set you want to pass to Tax Determination from the dropdown.
    If the category has multiple levels, select the number of levels.
  7. Fill in the following fields in the Product Fiscal Classification Type section:
    • Fiscal Classification Type Group
    • Type Code
    • Type Name
    • Start Position
    • Number of Characters
    • Start Date
  8. In the Associated Tax Regimes section, click the Add (+) icon to add a row.
  9. Select SOVOS US TAX REGIME from the Tax Regime Code dropdown.
  10. Click Save and Close.
  11. Go to My Enterprise > Setup and Maintenance.
  12. Click the Task icon, then click Search.
  13. Enter Manage Country Default Controls in the Search field, then click the Search icon and select Manage Country Default Controls from the results.
  14. Click the Add (+) icon to create a new record.
  15. Select United States from the Country dropdown and select the same inventory category set that you selected in step 6 from the Primary Inventory Category Set dropdown.
  16. Set any other defaults required for your business, then click Save and Close.