Discussions
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
Germany Nature of Transaction Codes Update for Accounts Without SuiteTax
This notice applies to your if your NetSuite account has a Germany subsidiary and you have installed the International Tax Reports SuiteApp.
As of January 1, 2022, new Nature of Transaction Codes (NoTC) should be used for all transactions between Germany and other EU member states.
The new NoTCs will be available on the Manage Tax Reporting page after the International Tax Reports SuiteApp version 3.122.0 release, targeted for January 25, 2022.
What Is Changing?
Starting January 1, 2022, the following NoTCs will be used for all transactions between Germany and other EU member states.
Recommended Actions
For accounts with an existing Germany subsidiary, you must do the following on or before
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
Expand your NetSuite knowledge by joining this month'sAsk A Guru Live about Advanced Accounting.
RSVPfor thiseventnow!
In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.