Nature of Transaction Code

The Nature of Transaction Code (NoTC) shows the type of transaction declared in your Intrastat Supplementary Declaration.

On a transaction form, when you choose a vendor or customer located in the EU, the Tax Reporting subtab displays the Nature of Transaction Code field. You need to fill out this field for it to show up in the Intrastat report.

To understand how to track and report nature of transaction codes in NetSuite, read the following topics:

• Setting Up Nature of Transaction Codes

• Creating a Nature of Transaction Code

• Setting Up Default Nature of Transaction Codes on Transaction Records

• Country-Specific Nature of Transaction Codes

General Notices