Configuring Value-Added Tax (VAT) in NetSuite Connector
Before you set up VAT in NetSuite Connector, confirm whether your storefront uses pre-VAT or post-VAT prices. To check the VAT, you can import a sample order, edit it in NetSuite Connector, and compare the item prices. If you're using a marketplace, you can safely assume prices already include VAT.
Here’s how to set up VAT on a specific account in NetSuite Connector.
To configure VAT in NetSuite Connector:
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Log in to app.farapp.com.
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Select the relevant connector and account.
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Go to Settings > Orders.
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Edit the tax settings.
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Go to the Tax tab.
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To manage the VAT, do one of the following:
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If your storefront provides the item prices with VAT, check the Subtract VAT from Order Total When Posting box. When you check this box, NetSuite Connector subtracts the VAT from the item price before posting.
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If your storefront provides item prices without VAT, clear the Subtract VAT from Order Total When Posting box. When you clear this box, NetSuite Connector doesn't subtract the VAT from the item price before posting.
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Leave the VAT Rate For This Account field blank. In most cases, NetSuite Connector uses the rate from your storefront and doesn't need you to enter a tax rate. But if VAT rates don't calculate right, you can enter the rate here.
In some instances, you may find that the storefront tax rate is different from the NetSuite tax rate. For example, in the storefront, you might see 20%, but in NetSuite, you see a 19.9987% tax rate. This happens because NetSuite and storefronts round taxes differently. For more information, read VAT and Tax Rounding.
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Click Save.
Related Topics
- NetSuite Connector Order Sync Management
- Handling Line Level Tax Rates in NetSuite Connector
- Setting Customers As Taxable By Default
- Omitting Remitted Tax in NetSuite Connector
- Assigning Items to Tax Groups When Syncing Orders in NetSuite Connector
- Troubleshooting Order or Fulfillment Sync Errors in NetSuite Connector
- NetSuite Connector Order Sync FAQ