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Intelligent Payment Automation, powered by BILL (aka 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.
Luxembourg VAT Report for 2023
This notice applies to customers who have installed the International Tax Reports SuiteApp and your NetSuite account has a Luxembourg subsidiary.
What is Changing?
On August 22, 2023, the International Tax Reports SuiteApp version 3.127.0 will release the 2023 version of the Luxembourg VAT report. The VAT report will contain the following new boxes for reporting tax codes with the reduced rates of 16%, 13%, and 7%:
To report your transactions to the new boxes, you must use tax codes that have appropriate tax code properties. For more information, see Luxembourg Tax Code Updates for 2023.
Required Actions
For accounts with existing Luxembourg subsidiaries or nexuses, you must do one of the following:
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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