Case Study - Oracle NetSuite Tax Bifurcation Solution for Japan
Business Challenges
• In Japan, there was only one tax present that is consumption tax (8%) However from October
2019 there are two taxes introduced by the goverment as below.
• 1. Reduced Consumption Tax (8%)
• 2. Consumption Tax (10%) on other Charge Item or Discount item.
• The requirement was the bifurcation of taxes depending upon the number of tax codes present at
transaction
thumb image: