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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
Tax reporting outside of subsidiary country
[INDENT] [INDENT]We have a challenge resulting from an implementation that we hope the community can answer.
Our customer has purchased NetSuite OneWorld with extra countries. They now however present us with a challenge where they sell items in countries they haven’t purchased where they have to book the VAT for that specific country as they have to report the VAT to the local tax nexus.
So for instance, the US subsidiary buys items in Germany and sells to a customer in Germany. The items never leave Germany They have to file German VAT as the item doesn't leave Germany. They however do not have a German subsidiary (nor a location) and therefore no German tax nexus (nor the licenses for a German subsidiary).
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