Tax Setup Overview

Note:

The topics in this section cover the legacy tax solution in NetSuite. Check these help topics if you're using a NetSuite account without the SuiteTax feature.

SuiteTax provides more flexibility to support country-specific needs and changing tax laws for calculation and reporting. For more details about the differences between Legacy Tax and SuiteTax, see Differences between SuiteTax and Legacy Tax.

For most countries, the various elements used to track taxes are already included in your NetSuite account when it was provisioned to you, or automatically created when you add a nexus. However, you must define the various tax settings, by adding or editing details if necessary, to make sure that taxes are correctly calculated and tracked in the system.

NetSuite editions differ in how they handle taxes. See NetSuite Editions Overview.

For guidance on setting up tax items, tax periods, and other tax features in your account, read the following topics:

• Enabling Taxation Features in Accounts Without Advanced Taxes

• Enabling Taxation Features in OneWorld Accounts and Accounts With Advanced Taxes

• Enabling Advanced Taxes

• Taxation Features Provided by SuiteApps from NetSuite

• Working with Tax Periods

• Set Up Taxes

• Setting Up Tax Agencies as Vendors

• Managing Tax Codes

  • Tax Control Accounts Overview

    Creating a Tax Control Account

  • Tax Types Overview

    • Creating a Tax Type

    • Removing Restrictions for Tax Control Accounts

  • Tax Codes Overview

    • Tax Code Properties

    • Creating Tax Codes

    • Editing Tax Codes

    • Inactivating or Deleting Tax Codes

    • Adding Custom Fields to Tax Code Records

  • Tax Groups Overview

    • Creating Tax Groups

    • Creating a Tax Group (All Countries Except US and Canada)

  • Managing Tax Rate Changes

• Setting Default Tax Items on Customer Records

• Setting Default Tax Items on Vendor Records

• Setting Tax Rounding Preferences on Customer and Vendor Records

• Setting Tax Codes or Tax Schedules on Item Records

General Notices