EU One Stop Shop Tax Code Provisioning

Note:

Starting July 1, 2021, One Stop Shop (OSS) tax codes are provisioned to NetSuite OneWorld accounts with newly enabled OSS feature.

When you enable the EU VAT One Stop Shop (OSS) feature and assign an OSS nexus to a subsidiary, NetSuite automatically provisions OSS tax codes to your OneWorld account. For non-OneWorld accounts, OSS tax codes are provisioned only after you follow the procedure on OSS Tax Code Provisioning for Regular NetSuite Accounts.

This feature requires the International Tax Reports SuiteApp. If you created the subsidiary record before you installed the SuiteApp, read the help topic Automatic Tax Code Provisioning Workaround to activate the provisioning of OSS tax codes to your subsidiary.

The following records are created when you assign an OSS nexus to a subsidiary:

• OSS tax control account

  • Name: OSS VAT on Sales <OSS Nexus>

  • Description: Tax Control Account of OSS VAT on Sales for <OSS Nexus>

  • Tax Account Type: Sale

• OSS tax type

  • Name: OSS <OSS Nexus>

  • OSS box: Checked

  • Description: OSS Tax Type of <OSS Nexus>

  • Liability/Sales Tax Account: OSS VAT on Sales <OSS Nexus>

  • Asset/Purchase Tax Account: <Blank>

• OSS tax codes with standard, reduced, and special reduced rates for 27 EU countries (OSS nexus excluded)

  The provisioned OSS tax codes have fixed properties set and have the same rates as that of the regular tax codes for EU countries. Tax codes with reduced and special reduced rates are only provisioned to OSS countries where it is available. For information about tax rates, see the country’s tax topics. For Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, and Malta OSS tax code rates, refer to OSS Tax Code Rates for Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, and Malta.

  Note:

  Country of consumption refers to the EU member state where the customer belongs, and the tax code and rate associated with it.

  Tax Code	Rate	Description	Properties	Tax Type	Sale Tax Account
  S-<Country of Consumption>-<OSS Nexus>	Country of consumption standard rate	OSS Standard Rate	Effective from July 1, 2021 Available on Sales Transaction	OSS <OSS Nexus>	OSS VAT on Sales <OSS Nexus>
  R-<Country of Consumption>-<OSS Nexus>	Country of consumption reduced rate	OSS Reduced Rate	Effective from July 1, 2021 Reduced Rate Available on Sales Transaction	OSS <OSS Nexus>	OSS VAT on Sales <OSS Nexus>
  SR-<Country of Consumption>-<OSS Nexus>	Country of consumption special reduced rate	OSS Special Reduced Rate	Effective from July 1, 2021 Special Reduced Rate Available on Sales Transaction	OSS <OSS Nexus>	OSS VAT on Sales <OSS Nexus>

OSS Tax Code Rates for Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, and Malta

The following table lists the tax rates of the OSS tax codes provisioned to Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, and Malta.

EU Country	OSS Standard Tax Code Rate	OSS Reduced Tax Code Rate	OSS Super Reduced Tax Code Rate
Croatia	25%	13%	5%
Estonia	20%	9%	—
Greece	24%	13%	6%
Hungary	27%	18%	5%
Latvia	21%	12%	5%
Lithuania	21%	9%	5%
Malta	18%	7%	5%

Related Topics:

OSS Tax Code Provisioning for Regular NetSuite Accounts

Automatic Tax Code Provisioning

VAT and GST Reporting Overview

International Tax Reports

Electronic Tax Filing Using NetSuite

Creating or Customizing Roles to Use the International Tax Reports

VAT/GST Reports

Generating VAT/GST Reports

Multi-Book Accounting for International Tax Reports

Sales and Purchase Reports Grouped by Tax Code

EU Sales List (ESL) Report

EU Intrastat Report

International Tax Reports Best Practices

General Notices