Creating Lines of Business in the SuiteTax Latam Engine
To access the SuiteTax Latam Engine SuiteApp documentation in other languages, do the following:
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To access the documentation in Brazilian Portuguese (Português do Brasil), see SuiteTax Latam Engine.
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To access the documentation in Spanish, select Español (Latinoamérica) from the dropdown list at the top right corner of the NetSuite Help Center.
In some countries, certain economic activities are subject to different taxation criteria. In NetSuite, a line of business record identifies the type of economical activity a company or individual conducts. You can associate a line of business with subsidiaries, vendors, or customers. For more information, see Associating Tax Regime and Line of Business With Subsidiaries, Customers, and Vendors.
To apply certain tax rules to specific economic activities, you should associate the line of business with a tax determination rules record. For more information, see Creating Tax Determination Rules in the SuiteTax Latam Engine.
To create a line of business:
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Go to Setup > Latam Tax Determination > Line of Business > New.
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In the Name field, enter a name to identify the line of business.
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In the Country field, select the country where the business is conducted.
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Click Save.
Related Topics
- SuiteTax Latam Engine Attributes
- Creating Tax Regimes in the SuiteTax Latam Engine
- Creating Item Codes in the SuiteTax Latam Engine
- Creating Parameter Types in the SuiteTax Latam Engine
- Creating Tax Determination Rules in the SuiteTax Latam Engine
- Creating Tax Determination Settings in the SuiteTax Latam Engine