Landed Cost and Taxation
NetSuite includes different tax types set up by default. Other tax types are incorporated when you add a subsidiary or Nexus in a new country. Additionally, an Administrator or NetSuite Professional Services can set up new taxes. For more information about tax types in NetSuite, see Tax Types Overview.
When the cost source is based on Other Transaction (exclude tax), the tax calculation depends on whether you use Legacy Tax or SuiteTax.
The following information explains the effect of taxation on the landed cost when using other transaction as source.
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Legacy Tax
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Source is Other Transaction – GST and VAT taxes are excluded. Sales taxes are not present on transactions and are excluded.
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Source is Other Transaction (exclude tax) – All taxes are excluded.
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SuiteTax
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Source is Other Transaction – All taxes are included.
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Source is Other Transaction (exclude tax) – All taxes are excluded.
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For examples of the effect of taxation on the landed cost, see Landed Cost Examples.