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More tools

Tax rate simulator

The Tax Rate Simulator shows tax details, including the type of tax, the responsible authority, jurisdictional information, and more. The tool lets you estimate the tax obligations you enter more correctly.
The Tax Rate Simulator feature in
Tools
, then
Tax Rate Simulator
 lets you enter parameters for your tax scenarios. Parameters include
Ship from
,
Ship to
,
product code
,
commodity code
, and
gross amount
. Additionally, the
View Geo Codes
 feature lets users find geographic codes related to the Authorities and Tax Rates displayed in the data grid. This tool simplifies tax rate calculations and gives you an understanding into your tax scenarios.
The Geocode Viewer
 is a new feature in the Rate Simulator that lets you analyze tax jurisdictions that apply to your transactions. Here's how to use it:
Default View
  • The default view shows ZIP Code, City, County, and State combinations.
  • Each row has an expansion indicator for more details.
Viewing Geocodes
  • Enter address details in the
    Ship From
     and
    Ship To
     fields.
  • Run a tax calculation.
  • Select
    View Geo Code
     (active only after calculation).
Hierarchical Structure
  • 1st Level: ZIP Code combinations
  • 2nd Level: Rate codes (SU, CU, ST)
  • 3rd Level: Tax authorities
  • 4th Level: Plus-four geocodes (optional)
Expanding Levels:
  • Select a row to expand it and view more details.
  • Only 1 row can be expanded at a time.
Rate Codes:
  • SU: Sales and Use
  • CU: Consumer Use
  • ST: Sales Tax
Geocode Display:
  • Use the
    Show Geocodes
     switch to view plus-four geocodes for a specific rate code.
Address Scenarios:
  • Entering state and postcode: Shows all city and county combinations for that postcode.
  • Entering state, city, county, and postcode: Shows all combinations based on the entered postcode.
  • Entering state, county, and city: Shows all associated postcodes for the entered combination.
note
The Geocode button has a tooltip with additional information.
To use the Tax Rate Simulator,
  1. Enter tax information on the Tax Rate Simulator screen.
  2. Select
    Run Calculations
    .
  3. View the information in the Results section.
    1. Results details
       tab -  Displays the results of the parameters you entered.
    2. XML
       tab - Displays the information in XML format for the calculations. You can also search the
      Input
       and
      Output
       tabs.
  4. Select
    Download
     to save your results.

Information about tax rate simulator fields

Company Information
  • Company:
    • The format for each entry is
      Company ID–Company Name
      . For example, it might appear as
      001 – ABC Corporation
      .
    note
    If you change the company after you make your initial selection, a confirmation window appears. Changes may affect other fields on the form.
  • Company Role:
    • The default value is
      Seller
      .
    • Select a company role.
    • When you select
      Buyer
       as a company role, this disables the
      Customer Number
       field.
    • Tax calculations can vary based on the
      Company Role
      .
      • Seller and Buyer roles show tax rates and amounts.
  • Customer Name or Number:
    • Enter the customer's name or assigned number.
    • Select
      Search Customer
       to open the window that lists all customer names and numbers.
    • The window closes when you select the customer row, then populates the information on the form.
  • Transaction type:
    • Select a transaction type
    • Supported Options
      Goods
       and
      Default Services
      .
  • Calculation type:
    • This read-only dropdown displays the fixed value
      Forward
      .
    • This indicates the type of calculation performed.
Ship From and Ship To details
Expand or collapse this accordion section and enter your details.
Select between 2 options for entering location information:
  • Geographical Address (default option):
    • Select your address choices.
    • Zip+4
       and
      AutoComplete Address
       is only visible for U.S. addresses.
  • Latitude and Longitude Coordinates:
    • Latitude: Enter a value between -90 and 90.
    • Longitude: Enter a value between -180 and 180.
Transaction Information
  • Currency:
    • The default currency value is
      USD
      .
    • Select a currency.
  • Product Code:
    • Enter a product code.
    • Select
      Search Products
       to open the
      Products and Services
       window.
    • Select a product from either the ONESOURCE content data or custom products data tabs.
  • Gross Amount:
    • The default value is
      10,000.00
      .
    • Enter a gross amount.
  • Invoice Date:
    • The default value is the current date.

Initiate the tax calculation

  • Select
    Run Calculation
     to initiate the tax calculation process.
  • Run Calculation
     isn't available until you fill in all required fields.
  • The system displays the data in the results grid.

View the results section

  • Results Grid
    tab:
    • Tax_type: Category of tax (default sorting column)
    • Authority_name: Name of the taxing authority
    • Zone_level: Jurisdictional level of the tax
    • Zone_name: Specific name of the tax jurisdiction
    • Tax_rate: Percentage rate of the tax
    • Tax_amount: Calculated amount of tax
  • XML
     tab:
    • This tab shows the XML input and output of the calculation.

This article applies to:

  • Product: ONESOURCE Determination,ONESOURCE Indirect Tax