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Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
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Join the NetSuite community to innovate, connect, and discover what’s next.
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
Join the NetSuite community to innovate, connect, and discover what’s next.
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
Action Required: Journal Entries in Withholding Tax SuiteApp Reports for EOPT Compliance
This notice applies to customers who have the Withholding Tax SuiteApp installed in your account.
What is Changing?
The Ease of Paying Taxes (EOPT) law adopts the accrual basis for recognizing sales of goods and services. To ensure EOPT compliance, the Withholding Tax SuiteApp version 1.49.0 will include journal entries that reflect accruals in the following reports, effective Thursday, June 5, 2025:
- Certificate of Creditable Tax Withheld at Source (2307)
- Monthly Remittance Form of Creditable Income Taxes Withheld (Expanded) (0619-E)
- Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded) (1601-EQ)
- Summary Alphalist of Withholding Tax Agents/Payors of Income Payments subjected to Creditable Withholding Tax at Source (SAWT)
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
Expand your NetSuite knowledge by joining this month's Ask A Guru Live: PROCURE TO PAY. RSVP for this event now!
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