TAX_ROUNDING

Parameter: TAX_ROUNDING_MODE

The method for rounding tax amounts.

Name	TAX_ROUNDING_MODE
Category	Parameter
Type	string
Access	R/W(+): Dynamic Read / static and dynamic Write For online temporary change or permanent change, use the `admin+` utility to modify the parameter value for a specific instance. A restart is needed for permanent changes.
Group(s)	Rating, TIF (Transaction Integration Framework)
Description	This parameter specifies the method for rounding tax amounts. It is used if the precision defined by the TAX_PRECISION parameter was modified. Possible values are: NEAREST: Rounds towards the nearest neighbor. If the discarded fraction is >= .5, then raise, otherwise truncate. TRUNCATE: Truncates the amount. The fraction is discarded. RAISE: Increments the digit prior to a non-zero discarded fraction. Recommendation: Please note that we recommend to give the same value to the TAX_ROUNDING_MODE parameter for each instance to avoid inconsistency in computed amounts.
System Instance(s)	rater, updater
Default Value
	rater	`NEAREST`
	updater	`NEAREST`
Constraint(s)
	rater	The parameter must be one of the following values (with a case-sensitive match): NEAREST, TRUNCATE, RAISE
	updater	The parameter must be one of the following values (with a case-sensitive match): NEAREST, TRUNCATE, RAISE

Document Version: SP04 and later