SuiteTax feature must be enabled in the account to use The India Localization SuiteTax Engine SuiteApp
Pre-requisite to enable suite tax feature
1.A Sandbox account must be available.
2.When SuiteTax feature is enabled migration of legacy tax record to suite tax records will happen
3. When the SuiteTax feature is enabled, the following preferences will be automatically disabled: Combine Time Items on Invoices, Combine Detail Items on Expense Reports.
4.When the SuiteTax feature is enabled, it cannot be disabled anymore
5.You cannot enable SuiteTax when you have an active SiteBuilder site that displays prices.
To deactivate the SiteBuilder site, do the following:
- Enable the Website feature. Go to Setup > Company > Enable Features. Then, go to the Web Presence tab. Under the Web Site subtab, check the Website box.
- Deactivate the SiteBuilder website. Go to to Commerce > Websites > Website List. Click the Edit button for the chosen website and check the Inactivate box.
6.Server SuiteScript and Client SuiteScript have to be enabled
Go to Enable Features > SuiteCloud > SuiteScript and check those features boxes.
To Enable the Suite Tax Feature
- Contact your NetSuite account manager and submit a SuiteTax enablement request with the help of NetSuite Customer Support. Your SuiteTax enablement request will be reviewed by the SuiteTax approval team. If your request has been approved, the SuiteTax feature will be shared to your NetSuite account.
To enable the SuiteTax feature, go to Setup > Company > Enable Features. Check the SuiteTax box on the Tax subtab, and click Save.
When the SuiteTax feature is enabled, the migration of tax-related records proceeds in the background. Enabling SuiteTax changes most of the tax-related records across NetSuite.
You can start using NetSuite partially even if migration is not yet completely finished. However, taxable transactions are initially locked for creation and editing after enabling SuiteTax. You need to complete the following required steps before you can create and edit taxable transactions:
1.Selecting a Tax Engine for Tax Registrations on Migrated Subsidiary Records
When legacy subsidiary records are migrated to SuiteTax, the Tax Engine column is added to the Tax Registrations subtab and its value is set to blank. To properly calculate taxes on a transaction, you must select the correct tax engine for each tax registration on subsidiary records.
A tax engine must be set up in your NetSuite account. For information about tax engine plug-in implementations, contact your NetSuite account manager.
To select the tax engine for tax registrations on migrated subsidiary records:
- Go to Setup > Company > Subsidiaries.
- Click the Edit link next to the subsidiary that you want to edit.
- On the subsidiary record, click the Tax Registrations subtab.
- Click the Tax Engine column for the tax registration line that you want to edit.
- Click the Tax Engine dropdown list and select a tax engine for the nexus. The list shows the tax engine implementations that have been added and activated in your account.
- Click OK.
- Repeat Steps 4 through 6 for each tax registration without a tax engine on the subsidiary record.
- Click Save.
Repeat this procedure for each migrated subsidiary record.
2.Confirm that the SuiteTax setup is complete.
Note The SuiteTax Engine cannot be used on Brazil and India nexuses.
Limitation
- SuiteTax will not support:
ADDITIONAL INFORMATION |
| NetSuite CRM |
| NetSuite CRM+ |
| NetSuite JCurve |
| NetSuite Small Business |
| OpenAir |
| NETSUITE PREFERENCE |
| Combine Detail Items on Expense Reports |
| Combine Time Items on Invoices |
| Combine Expense Items on Invoices |
| Combine Billable Items on Invoices |
| International Tax Reports bundle with enabled Cash Basis preference |
| COMMERCE BUNDLE NAME |
| NetSuite Point of Sale |
| Reference Checkout |
| SuiteCommerce |
| SuiteCommerce Advanced |
| SuiteCommerce InStore |
| Web Site |
| SUITEAPP/BUNDLE NAME |
| Advanced Manufacturing |
| Affordable Care Act (ACA) Reporting |
| Affordable Care Act Back Office |
| Australia Post |
| Brazil Localization |
| China Bills & Expense Reports Generation |
| International Tax Reports |
| Japan Financial Statements |
| Japan Localization |
| Mexico Compliance |
| NetSuite Connector |
| Payment Gateway |
| Portugal Invoice Certification |
| Southeast Asia Localization |
| Supplementary Tax Calculation |
| Tax Audit Files |
| Withholding Tax |
| TRANSACTION TYPES |
| Advanced Intercompany Journal Entry |
| Finance Charge |
| Write Tax Liability |
| Pay Sales Tax/Sales Tax Payment |
The following tax functionalities/use cases are not yet supported by the NetSuite SuiteTax Engine.
| TAX FUNCTIONALITIES/USE CASES |
| Cash Basis Tax Reporting |
| U.S. Use Tax |
| Partially deductible VAT and reverse charge on partially deductible purchases |
| Tax Periods |
| Early Settlement Discounts |
| Withholding Tax |
| Withholding Tax on Payments |