Discussions
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
New to NetSuite | Advanced Taxes: VAT & GST Reporting
Having examined the US and Canada Tax Lookup Hierarchy with Advanced Taxes enabled in earlier articles, we will now focus on VAT and GST reporting using Legacy Tax.
NetSuite enables you to generate VAT or GST reports through the International Tax Reports SuiteApp (bundle ID 43003). This SuiteApp helps your business comply with various tax rules, rates, and reporting requirements in different countries where VAT or GST applies.
Getting Started
To ensure accurate tax reporting, it’s important that your NetSuite account is set up correctly for tax tracking. Enter VAT/GST registration numbers for your subsidiaries, customers, and vendors. Make sure your item and transaction records include all necessary tax-related data. The SuiteApp adds additional fields as needed by each country’s requirements.
Clarisa De Torres | Ask a Guru
- Earn Community badges now! Refer a Member | Answer Accepter |
The Support Community is your launchpad for learning, sharing, and earning exclusive rewards. Every contribution you make helps others and brings you closer to our official Oracle merchandise.
Learn more and join in the fun: