Use this activity to create user-defined tax liability types.
A user-defined tax liability must be linked to one of the two system-defined
tax liability types, which are Taxable and Exempt. These two types determine
the nature of tax liability when they are linked to a customer, supplier, or
company. Taxable indicates that the entity is liable for tax. Exempt indicates
that the entity is not liable to pay tax.
There are no prerequisites.
As a result of this activity, reports and invoice documents will be affected by the country-specific tax liabilities.