If you are new to NetSuite and need to manage withholding tax, the Withholding Tax SuiteApp is a key starting point. This SuiteApp is a managed bundle, which means it updates automatically whenever improvements or new features are added. It can be installed in any NetSuite account, including OneWorld.
Follow these steps to install the SuiteApp:
- Go to Setup > Company > Enable Features.
- Click the Tax subtab.
- Click Withholding Tax.
4. On the SuiteApp Details page for Withholding Tax (Bundle ID: 47459), click Install.
For information about the limitations of the Withholding Tax SuiteApp, see Known Limitations of the Withholding Tax SuiteApp
After you install the Withholding Tax SuiteApp, you can set up the following for each nexus that uses withholding tax:
