In NetSuite QuickStart Edition, you can create a list of items that are considered non-taxable within that jurisdiction during the creation or editing of a tax jurisdiction. You have the option to search for items to add, manually input them one by one, or upload multiple items through a CSV import.
To add them manually, perform these steps:
- Click the Ask Oracle button > Accounting > Settings > Taxes > Tax Jurisdictions.
2. From this page, you can view the list of existing jurisdictions.
3. Select the Tax Jurisdiction where you would add the non-taxable items.
4. Click Edit in the Tax Jurisdiction record.
5. Click Add Item.
6. Select an item and populate the Start and End date to specify the period when it is non-taxable. You can also add a note.
Note: You can choose to omit the start and end dates, making the item's non-taxable status indefinite.
7. Once done, click the check button in the Actions column.
8.The Tax-Exempt Status column displays the current validity status of each item and cannot be edited. Validity statuses include:
- Valid – non-taxable
- Scheduled – non-taxable for a future period.
- Expired
9. Click Update.
