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NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.

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Try Intelligent Payment Automation – Fee Free For Your First Month

Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.

The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.

For more information, visit this thread.

Germany VAT Rate Reduction

 This notice is intended for NetSuite accounts that have a Germany subsidiary and you have installed the International Tax Reports SuiteApp.
Effective July 1, 2020 until December 31, 2020, the Value Added Tax (VAT) rates for Germany will be reduced from 19% to 16% (Standard Rate) and from 7% to 5% (Reduced Rate). Consequently, you will need to make changes to your tax codes in your NetSuite account to match the tax rate reduction.

What is Changing?Recommended Action

Starting from July 1, 2020 until December 31, 2020, the following tax codes with reduced rates are in effect in Germany:

  • S2-DE (Standard Rate) - 16%
  • R1-DE (Reduced Rate) - 5%
The Germany VAT return form will be updated based on the new standard and reduced rate tax codes.

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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