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Maximize the efficiency of your NetSuite use.
Oracle NetSuite SuiteTax is the innovative suite plug-in solution for businesses facing complex tax requirements.
The software offers a comprehensive suite of tax functions that enables companies to automate and simplify the tax processes.
Imagine how much easier your life could be if you could automate these complex tax processes:
NetSuite's revolutionary add-on module that enhances the quality of tax fillings.
Suite Tax refers to the NetSuite module for the calculation of various taxes and streamlining the process of tax payment for any business.
What is SuiteTax - Key Benefits
If you're already a proud user of Oracle NetSuite, you know how powerful our cloud-based ERP system is.
But we also know that managing tax calculations and transactions can often be complex, especially when regulatory requirements change or your business expands globally.
Natively built on the NetSuite platform, SuiteTax drives efficiency by integrating transaction tax calculations and reporting functionality within the same suite that companies use for sales, billing, revenue recognition, payment processing and much more.
SuiteTax is an indirect tax solution used to determine and calculate taxes across multiple tax jurisdictions:
- SuiteApps delivering Sales Tax, VAT, GST and withholding Tax and US Tax in NetSuite
- Multiple tax partners to choose from to properly generate tax reports
- Supports global operations including USA, Brazil and India natively
- Enhanced tax determination logic (locations, origin and destination)
- Multiple tax registrations per single subsidiary
Added Value using Suite Tax
- Manage multiple tax jurisdictions for each business subsidiary
- Manage multiple tax registrations for customers and vendors
- Built-in Tax registration verification (EU VAT Lookup)
- Tax Code Mapping in VAT Return
We can help -
Conduct a pre-check of your NetSuite account to assess whether it is compatible with SuiteTax.
If there are still incompatible features that don’t work well with SuiteTax, our NetSuite Team will help run a pre-check analysis of your NetSuite instance to determin if Suite Tax is compatible. We can support to ensure a smoothly transition.
About SUITETAX - Key Features
Global Tax Tables :
Automated monthly tax rates updates for 110 countries
EU VAT ID and address validation
Format validation for 20+ non-EU countries
Automatic provisioning of tax agencies and tax codes for each tax jurisdiction
Tax rate change history for each tax code
Multiple Tax Registrations
- Track individual tax registration numbers per subsidiary, entity
- VAT registration effective dates
Enhanced Tax Lookup
- Manage in -country transactions like VAT, GST and Sales tax
- Covers cross-border rules and transactions such as intra-EU transactions, 3 PL, reverse charges and others.
- Enhanced tax determination logic including ship to and ship from addresses and warehouse locations.
Tax Reporting
VAT returns, including editable templates
Supplementary VAT reports
Tax Point Date
USA Sales Tax
Zip +4 determination
Automated monthly rate updates
Origin and destination based taxes
Exemption certificate support
India GST&TDS
- Automatic tax determination for GST, TDS
- Simplified tax maintenance (Tax Codes, Thresholds)
- GST and TDS Returns
Get to know some visual SuiteTax Details:
EU VAT ID Validation
Subsidiary Page - Multiple Tax Registration & Effective Dates
Global Tax Rates, Agencies and Tax Codes
Comparison of Legacy Tax vs SuiteTax - Understand the differences:
Our strengths at a glance- Why choose us?
Expertise in tax consulting and accounting
Our background as a tax consultant and accountant enables us to go beyond the classic system houses and optimally take into account the specific requirements of your business processes, both technically and in terms of accounting and tax law.
Thanks to this background, we understand how an ERP solution should be optimally designed to enable efficient, transparent and scalable business processing.
Holistic support and solution orientation
In addition to technical implementation, we offer comprehensive consulting, support with process optimization, change management and provide valuable insights into best practices.
Strong international network
What makes us unique as RSM is our strong international network and our expertise from tax consulting and accounting.
This allows us to contribute industry-specific knowledge and experience from different markets.
RSM Teamwork
Our team works on eye-level with our clients for a deep understanding of their business processes, strategies and technical system knowledge.
We have many years experience in project management and we draw on all of our collective implementation experiences to help you achieve the best outcome possible for any of your NetSuite initiatives.
Your RSM Consultancy Contact
TEL. +49 421 98966-986
E-MAIL contact-tmc@rsm.de
RSM DE Technology&Management Consulting GmbH
Bremen, Germany
To benefit from a NetSuite consultation with our RSM Consulting team, please fill out our contact form:
Special Informationen about our NetSuite Services :
NetSuite ERP -Software / Industry:
Your NetSuite Buyers Guide:
In our downloadable guide for purchasing NetSuite you find answers to your questions and criteria before investing in your digital future and process optimization in NetSuite ERP Software.