Set up Japan consumption tax report (Japan)


We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This task walks you through setting up the system to support the Japan consumption tax report. In this task, you will modify General ledger parameters, a legal entity, sales tax reporting accounts and a sales tax code.

This task was created using the demo data company JPMF.

Enable the consumption tax report

  1. Go to Tax > Setup > Parameters > General ledger parameters.
  2. Click the Sales tax tab.
  3. Expand the Japanese tax reporting section.
  4. Select Yes in the Consumption tax reports field.

Tax reporting accounts

  1. Go to Tax > Setup > Sales tax > Tax reporting accounts.
  2. Click Edit.
  3. In the Bad debt field, specify the desired values.
    • Example: 84720
  4. In the Collected bad debt field, specify the desired values.
    • Example: 84710
  1. Go to Organization administration > Organizations > Legal entities.
  2. Expand the Registration numbers section.
  3. Click Edit.
  4. In the Accounting personnel field, type a value.
  5. In the Company representative field, type a value.

Enter report setup information for a sales tax code

  1. Go to Tax > Indirect taxes > Sales tax > Sales tax codes.
  2. Use the Quick Filter to find records. For example, filter on the Sales tax code field with a value of 'JP Cons'.
  3. Expand the Report setup section.
  4. Click Edit.
    • Confirm the reporting codes were configured properly.