Setting Up Entity Default Tax Codes and Tax Groups

The SuiteTax Engine enables you to define a default tax code or tax group for an entity record in NetSuite. The SuiteTax Engine uses this information to automatically determine tax codes or tax groups when transacting with a specific entity. Entity tax codes or tax groups are optional, and only required if you wish to use a specific tax code or tax group for a customer or vendor.

To set up entity default tax codes and tax groups:

1. Navigate to the entity list.

   • For Customers, go to Lists > Relationships > Customers.

   • For Vendors, go to Lists > Relationships > Vendors.

2. Find the record you want to update and click Edit.

3. Click the Financial subtab.

4. Click the Tax Registrations subtab.

5. Enter information as necessary, with one country per line:

   • In the Country column, select a country.

   • In the State column, select a state.

   • In the Tax Reg. Number column, enter the tax registration number of this entity in the selected country.

   • In the Default Tax Code/Group field, select a default tax code or group for this registration number. SuiteTax automatically uses this default tax code or group on the specified entity’s transactions, as long as the code or group is compatible with the transaction nexus.

   Note:

   If the entity default tax group applies, the SuiteTax Engine uses only sales tax codes from the group on the transaction.

General Notices