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Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
Tax reporting outside of subsidiary country
[INDENT] [INDENT]We have a challenge resulting from an implementation that we hope the community can answer.
Our customer has purchased NetSuite OneWorld with extra countries. They now however present us with a challenge where they sell items in countries they haven’t purchased where they have to book the VAT for that specific country as they have to report the VAT to the local tax nexus.
So for instance, the US subsidiary buys items in Germany and sells to a customer in Germany. The items never leave Germany They have to file German VAT as the item doesn't leave Germany. They however do not have a German subsidiary (nor a location) and therefore no German tax nexus (nor the licenses for a German subsidiary).