Oracle eBTax Exempt, Zero or Out of scope – does it make a difference
Unfortunately there is a big difference between ZERO and EXEMPT. If we were to sell everything as EXEMPT then we would not be able to recover any tax at all, if we sold everything as ZERO then we can recover 100% of the tax. Because banks sell many things as either EXEMPT or out of Scope (Exempt, Out of Scope and Zero are 3 very different rates) they can only recover a certain amount of tax, the amount could be as low as just 1%. Luckily in AP, if we accidentally put something as Zero when it should be EXEMPT then it does not matter so much.
