Oracle E-Business Tax allows transaction tax requirements in all geographic locations where the company has business. Allows us to configure taxes to include rules, default values etc. for each tax requirement. At transaction time E-Business Tax uses tax configuration to determine which tax applies, based on which the tax amounts are calculated.

Oracle E-Business Tax provides the ability for transaction tax knowledge management and delivery using a global system architecture that is configurable and scalable for adding country-specific tax content. 

Main concepts we are going to learn in the module is Tax Authority, Tax Regime, Tax, Tax Status, Tax Rate, Tax Recovery Rate, Tax Jurisdiction, Tax Accounts and Tax Rules.