Setting the China Max VAT Invoice Amount

Note:

This feature requires the China Localization SuiteApp

The NetSuite China Localization provides the China Max VAT Invoice Amount field to be defined for your subsidiary. NetSuite uses this field when generating VAT Invoices. Transactions are automatically split according to this limit when generating VAT Invoices. For more information about China VAT Invoices, see Guidelines for Generating China VAT Transactions.

To define the China Max VAT Invoice Amount for the subsidiary:

1. Go to Setup > Company > Subsidiaries.

2. Scroll through the list of subsidiaries and locate the subsidiary to edit.

3. Click Edit beside the subsidiary name.

4. In the China Max VAT Invoice Amount field, enter a value.

5. Click Save.

Related Topics

• China Terminology
• Setting Up China Localization
• Known Limitations of NetSuite China Localization
• Using Chinese Accounting Periods
• Setting up China Cash Flow Item for Chart of Accounts
• Setting Up China Cash Flow Item for Inventory Items
• Setting the China Max VAT Invoice Amount
• Setting Up China Item Models for Inventory Items
• Setting Up China Bank Account Name
• Setting China VAT Taxpayer Types
• Customizing Creator, Poster, and Approver in China Voucher Printing Report

General Notices