Taxation Features Provided by SuiteApps from NetSuite

International Tax Reports

The International Tax Reports SuiteApp (Bundle ID 43003) developed by NetSuite is a free SuiteApp that you can install in your account.

For installation and setup steps, see Installing and Setting Up International Tax Reports.

Prerequisites

Make sure to perform the following prerequisites before you install the International Tax Reports SuiteApp:

• Set up tax reporting periods. For more information, see Working with Tax Periods and Setting Up Tax Periods.

• Enable the following SuiteCloud features. Go to Setup > Company > Enable Features and check the box for the following features on the SuiteCloud tab:

  • Custom Records

  • Client SuiteScript

  • Server SuiteScript

To install the International Tax Reports SuiteApp:

1. Go to Customization > SuiteBundler > Search & Install Bundles.

2. On the Search & Install Bundles page, click Advanced.

3. Enter the following:

   • Keywords = International Tax Reports

   • Location = Production Account

   • Account ID = 3776651

4. Click Search.

5. Click the link for International Tax Reports (Bundle ID: 43003).

6. On the SuiteApp Details page for International Tax Reports, click Install.

Additional Setup Steps

After installing the International Tax Reports SuiteApp, perform the following setup steps:

1. Roles and Permissions

   Use the following roles provided by the International Tax Reports SuiteApp. These roles have already been set up with all the required permissions and access to script deployments:

   • Tax Reporting Accountant

   • Tax Reporting Accountant Reviewer

   • Tax Reporting CFO

   • Tax Reporting Bookkeeper

   If you want to use your own customized roles, read Creating or Customizing Roles to Use the International Tax Reports.

   Note:

   The standard Bookkeeper role cannot access the reports in the International Tax Reports SuiteApp even if you add permissions and grant the role access to scripts and reports. NetSuite recommends that you use the pre-configured Tax Reporting Bookkeeper role instead.

2. Report By Period

   Make sure that the Report By Period field in Home > Set Preferences > Reporting/Search is set to either Financials Only or All Reports. Report Period should not be set to Never. The Report by Period user preference determines whether report data is calculated by date range or by period. See Reporting Preferences on the Set Preferences Page.

VAT Reporting

Sales and Purchase Reports Grouped by Tax Code

The International Tax Reports SuiteApp provides the following standard reports that can be used by any country nexus:

• Purchase By Tax Code (Detail)

• Purchase By Tax Code (Summary)

• Sales By Tax Code (Detail)

• Sales By Tax Code (Summary)

The reports can be accessed at Reports > VAT/GST. You can also create custom versions of these saved reports if you require additional columns to be shown.

To view sales and purchase reports by tax code:

1. Go to Reports > VAT/GST.

2. Select one of the following saved reports:

   • Purchase By Tax Code (Detail)

   • Purchase By Tax Code (Summary)

   • Sales By Tax Code (Detail)

   • Sales By Tax Code (Summary)

3. At the bottom of the report page, select a tax period.

4. Select a subsidiary.

5. Click Refresh to reload the report each time you change the subsidiary or tax period.

   Important:

   For the saved reports in the International Tax Reporting SuiteApp, results are limited to 25,000 rows. A truncated report will display this note at the bottom of the page: “The results of this report are too large. Please narrow your results.” If you want to request an increase in the limit, you must file a Support case.

6. You can also click any of the following:

   • Print - to print the report

   • Email - to email the report

   • Schedule - to create a schedule to automatically email the report

   • Export - CSV - to export the report as a CSV file

   • Customise - to create and save a custom version of the report

   • Options - to change viewing and printing preferences

   • Expand - to view all top levels and sublevels of the report

   • Collapse - to view only top levels of the report

   • Graph - to display a graph of current report results

Reporting by Emirate in the UAE

If the tax authority requires reporting by Emirate in the UAE, you must select the place of supply where the goods are delivered or the services are provided on the Emirate column on supported sales and purchase transaction records.

To add Emirate column to sales and purchase reports:

1. Click Customize in the footer of the report.

2. On the Report Builder page, click Edit Columns.

3. In the Add fields pane, enter Emirate on the Search Fields and click the Search icon.

4. Click the Emirate (Custom Column) name from the Add Fields pane to add it as the last column of your report. You can also click and drag the Emirate (Custom Column) name and drop it in the order you want in the Report Preview pane.

   Important:

   To group the column by Emirate, click the Move Left button to move the Emirate column to the left most part of the report until the Group box is shown.

5. In the Report Preview pane, enter a new Emirate name for your column on the Column Label field.

6. Click Save.

General Notices