Receivables Activity Error: Please Define A Party Tax Profile For Operating Unit & ORG_ID

This is bug.: BUG 5899659 RECEIVABLES ACTIVITY ERROR PLEASE DEFINE PARTY TAX PROFILE FOR &ORGID

Responsibility: Tax Managers
Navigation:  Parties > Party Tax > Profiles

1. Query:
   Party Type: Operating Unit Owning Tax Content
   Party Name: Populate your Operating Unit Name 
2. Click on GO
3. Click on Create Tax Profile and then
4. Click only Apply button without doing anything