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. Make sure all the 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 use the automatic tax code provisioning feature, install the International Tax Reports before you create subsidiaries. In OneWorld accounts that have the 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 need to have the SuiteApp installed before adding a subsidiary.

Without the SuiteApp, when you create a subsidiary country, NetSuite adds the nexus, but only gives you 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