Advanced Taxes

The Advanced Taxes feature enables you to manage and calculate taxes for multiple nexuses within the same NetSuite account. This is done through the use of tax schedules which enable items to be taxed differently in each nexus to meet local business requirements.

The Advanced Taxes feature also links tax control accounts to a nexus to more effectively manage tax postings in your ledger.

This feature is already enabled in OneWorld accounts.

To begin using Advanced Taxes, read the following topics:

For general information about nexuses and subsidiaries, read the following topics:

For information about setting default tax items on records, read the following topics:

Related Topics

Tax Accounting Overview
Enabling and Setting Up Taxation Features
General International Tax Topics
Managing Tax Codes

General Notices