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Southeast Asia Localization SuiteApp Enhancements for Ease of Paying Taxes Invoicing Compliance

edited Dec 2, 2024 3:03PM in Announcements

This notice is intended for customers with the Southeast Asia Localization SuiteApp (Bundle ID 298382) installed in your NetSuite account. The Southeast Asia Localization SuiteApp version 7.00.0 is targeted for release on December 03, 2024.

What is Changing?

To comply with Republic Act No. 11976, or the Ease of Paying Taxes (EOPT) Act, Southeast Asia Localization version 7.00.0 will be released on December 03, 2024 to include updates to the following Philippines invoicing features:

  • Official Receipts updates Official receipts will be classified as supplementary documents and will no longer be a valid proof to support the claim of input tax by buyers or purchasers of goods and/or services. Invoices will be the primary support document for VAT purposes. With this, the following changes will be introduced:

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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