Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Tax Code with "Reverse Charge Code" selected
Hi,
I need to understand what the "Reverse Charge Code" check box on a Tax Code actually does. The help implies that I can only use this code on purchase transactions, yet "Available On" is set to "Both" and I have successfully been able to create a sales invoice in our sandbox using this code.
The code is RCS-SE which is one of the defaults created when enabling the Swedish nexus.
I am concerned that if I instruct users to continue to use this and other reverse charge codes we will have an issue at the point of the tax return.
Tagged:
0