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SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Germany Nature of Transaction Codes Update for Accounts Without SuiteTax
This notice applies to your if your NetSuite account has a Germany subsidiary and you have installed the International Tax Reports SuiteApp.
As of January 1, 2022, new Nature of Transaction Codes (NoTC) should be used for all transactions between Germany and other EU member states.
The new NoTCs will be available on the Manage Tax Reporting page after the International Tax Reports SuiteApp version 3.122.0 release, targeted for January 25, 2022.
What Is Changing?
Starting January 1, 2022, the following NoTCs will be used for all transactions between Germany and other EU member states.
Recommended Actions
For accounts with an existing Germany subsidiary, you must do the following on or before
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