1. Country-Specific Features
  2. Region-Specific SuiteApps
  3. SuiteTax Latam Engine
  4. SuiteTax Latam Engine Attributes
  5. Creating Tax Determination Rules in the SuiteTax Latam Engine
  6. Adding Issuer Information to Tax Determination Rules

Adding Issuer Information to Tax Determination Rules

You can define which tax determination rules apply to a transaction based on the particularities of the companies or individuals from which the transaction originated. For example, the rules can apply to transactions from a specific state, or from companies that adhere to a certain tax regime.

The issuer of a transaction varies by scenario. In sales, the issuer is usually the subsidiary. In purchases, the issuer is usually the vendor.

Important:

Leaving all issuer information blank leads to rules applying only to subsidiaries or vendors that don't have any tax regime or line of business set.

To add issue information to tax determination rules:

  1. Go to Setup > Latam Tax Determination > Tax Determination Rules.

  2. Next to the rules record, click Edit.

  3. Under Issuer Information, if the rules apply to transactions from businesses from a specific country, in the Country field, select the country in which the issuer of the transaction is located.

  4. If you leave the country of the issuer blank, the rules can apply to transactions from any country.

  5. If the rules apply to transactions from businesses from a specific state, in the State field, enter the name of the state in which the issuer of the transaction is located.

    If you leave state of the issuer blank, the rules can apply to transactions from any state.

  6. If the rules apply to transactions from businesses from a specific city, in the City field, enter the name of the city in which the issuer of the transaction is located.

    If you leave city of the issuer blank, the rules can apply to transactions from any city.

  7. To apply the rules to transactions from businesses that adhere to a tax regime, in the Tax Regime field, select the tax regime to which the issuer of the transaction adheres.

    If you leave the tax regime blank, the rules apply to transactions that involve issuers that don't have a tax regime set in their vendor or subsidiary record.

  8. To apply the rules to transactions from businesses that perform a certain economic activity, in the Line of Business field, select the line of business that the issuer of the transaction operates in.

    If you leave the line of business blank, the rules apply to transactions that involve issuers that don't have a line of business set in their vendor or subsidiary record.

  9. Click Save.

Related Topics

General Notices