Benefits of SuiteTax

SuiteTax offers several key benefits to your organization, regardless of the tax engine you choose to connect.

Key Benefit	Details
SuiteTax enables more accurate tracking and reporting of taxes.	You can set up multiple tax registrations for each subsidiary, along with its corresponding tax registration numbers, exemption status, and validity dates. SuiteTax uses enhanced nexus determination. SuiteTax considers a broad range of addresses to ensure taxes are always calculated in the proper jurisdiction. Apart from the transaction shipping and billing addresses, the following addresses are also taken into account: Location address Subsidiary main address Subsidiary shipping address
SuiteTax increases tax calculation precision with date-driven controls.	Subsidiary tax registrations include validity dates to support time-bound compliance requirements. The Tax Point Date on transactions helps apply the correct rate and rules as they change over time.
SuiteTax supports non-standard tax scenarios with override options.	For special or complex cases, SuiteTax allows controlled overrides for transactions through the following fields: Nexus Override Tax Details Override Tax Point Date Override
SuiteTax supports multiple tax registrations on entity records.	You can assign multiple tax registrations on your customer and vendor records. This enables compliance with local, state, and international tax regulations where a single entity operates in multiple jurisdictions.
SuiteTax was designed with 3rd-party integrations in mind.	The introduction of the SuiteTax API enables NetSuite tax partners, as well as any other 3rd-party applications, to seamlessly integrate reliable and auditable processes into NetSuite, with or without taxes being calculated.
SuiteTax has been built using NetSuite's latest technology.	SuiteTax is engineered to fit NetSuite's current platform and architecture direction, making it scalable and adaptable to future updates and innovations.

Key Benefit

Details

SuiteTax enables more accurate tracking and reporting of taxes.

You can set up multiple tax registrations for each subsidiary, along with its corresponding tax registration numbers, exemption status, and validity dates.
SuiteTax uses enhanced nexus determination. SuiteTax considers a broad range of addresses to ensure taxes are always calculated in the proper jurisdiction. Apart from the transaction shipping and billing addresses, the following addresses are also taken into account:
- Location address
- Subsidiary main address
- Subsidiary shipping address

SuiteTax increases tax calculation precision with date-driven controls.

Subsidiary tax registrations include validity dates to support time-bound compliance requirements.
The Tax Point Date on transactions helps apply the correct rate and rules as they change over time.

SuiteTax supports non-standard tax scenarios with override options.

For special or complex cases, SuiteTax allows controlled overrides for transactions through the following fields:

Nexus Override
Tax Details Override
Tax Point Date Override

SuiteTax supports multiple tax registrations on entity records.

You can assign multiple tax registrations on your customer and vendor records. This enables compliance with local, state, and international tax regulations where a single entity operates in multiple jurisdictions.

SuiteTax was designed with 3rd-party integrations in mind.

The introduction of the SuiteTax API enables NetSuite tax partners, as well as any other 3rd-party applications, to seamlessly integrate reliable and auditable processes into NetSuite, with or without taxes being calculated.

SuiteTax has been built using NetSuite's latest technology.

SuiteTax is engineered to fit NetSuite's current platform and architecture direction, making it scalable and adaptable to future updates and innovations.

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