Creating Tax Codes

Tax codes determine how much tax is applied to each line item on your transaction records.

To view existing tax codes in your NetSuite account, go to Setup > Accounting > Taxes > Tax Codes. You must make sure that properties on each tax code are set correctly. Changes made to tax codes are captured in system notes. For more information, see Searching System Notes.

For information, see Tax Code Properties.

To create tax codes, read the following topics:

• Creating Tax Codes - U.S. Nexus

• Creating Tax Codes - United Kingdom

• Creating Tax Codes - Canada

• Creating Tax Codes - Australia

• Creating Tax Codes - Other Nexuses

• Tax Code Properties

• Setting Up Nondeductible Input Tax

Note:

For information about withholding tax codes, read the Withholding Tax topic.

Important:

To benefit from the automatic tax code provisioning feature, you must first install the International Tax Reports in your account before you create subsidaries. In OneWorld accounts that have the International Tax Reports SuiteApp, when you add a new subsidiary country, the system creates the nexus and VAT/GST tax codes for that country. In other words, you must have the International Tax Reports SuiteApp already installed before you add the subsidiary. (Without the International Tax Reports SuiteApp, when you create a subsidiary country, NetSuite adds its nexus, but only provides a few default tax codes.) For more information, see Automatic Tax Code Provisioning.

Related Topics

• Tax Control Accounts Overview
• Tax Types Overview
• Tax Codes Overview
• Tax Code Properties
• Adding Custom Fields to Tax Code Records
• Editing Tax Codes
• Inactivating or Deleting Tax Codes
• Tax Groups Overview
• Creating Tax Codes - U.S. Nexus
• Creating Tax Codes - Canada
• Creating Tax Codes - United Kingdom
• Creating Tax Codes - Australia
• Creating Tax Codes - Other Nexuses

General Notices