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.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Pop Quiz You only have until November 18, 2025, 2:00PM ET to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Change of Tax rate
I would like to ask if anyone knows the best practice to change tax rate to a new increased rate.
We are selling in Spain where from the 1st September the VAT goes from 18% to 21% (it is the Standard tax rate); i.e. everything invoiced before 1/9/2012 should keep 18% VAT while invoices issued after 1/9/2012 should fall in 21% rate.
I have tested in Sandbox where I have changed the rate on the existing Tax code. The new rate then applied also to old transactions, which is not correct.
Anyone has experience with changes in VAT? Thanks!
0