Automatic Tax Code Provisioning

Important:

International Tax Reports SuiteApp isn't compatible with the SuiteTax feature. If the SuiteTax feature is enabled in your NetSuite account, don't install this SuiteApp.

To use automatic tax code provisioning, make sure you install the International Tax Reports SuiteApp in your account before you create subsidiaries. In OneWorld accounts with the International Tax Reports SuiteApp, when you add a new subsidiary country, the system creates the nexus and the VAT/GST tax codes at the same time. This is why you need to have the International Tax Reports SuiteApp installed before you add subsidiaries. If you create a subsidiary country before you have installed the SuiteApp, NetSuite adds its nexus but only provides a few default tax codes.

Important things to note:

You can also create other tax codes, but they won't show up in the VAT/GST reports unless they follow the properties defined in the tax code matrix. Make sure you use the correct properties for those tax codes to be picked up by the VAT/GST reports. Refer to the country-specific topics to see each country's tax code settings.

You can use any tax code name you prefer, provided you've set the correct properties for them to be picked up by the VAT/GST reports. Tax reports identify transactions by looking at the tax code properties, not the tax code names. For information about current tax rates, be sure to consult your tax agency.

Some country-specific tax topics have tables that show what goes into each box of the VAT/GST reports.

Read the following topics for more information about tax code provisioning:

Related Topics:

General Notices