State Tax Import

NetSuite enables you to import up-to-date sales tax codes for the states in which you charge sales tax. Each month, NetSuite updates its database table that stores the tax rates for all U.S. states. The Version field on the State Tax Import page indicates the effective date of the tax rate change.

NetSuite receives the tax table updates from Wolters Kluwer. Updated tax rate tables are uploaded at the end of each month and are effective from the 1st of the month. To keep your state sales tax tables up-to-date, you must reimport tax rates on the last day of each month.

To import sales tax tables:

1. Go to Setup > Accounting > Taxes > Use State Sales Tax Tables.
2. In the State dropdown list on the State Tax Import page, select a state for which to import tax tables.
3. Note If the state for which you want to import tax rates does not appear in the State dropdown list, add the state to your nexuses list at Setup > Accounting > Taxes > Nexuses (Administrator). Then, change your Tax Codes Lists Include preference to Tax Groups and Tax Codes or Tax Groups Only.
4. Select a tax agency and tax account for each type of tax.
5. Optionally you can check the Force override of inactive tax items and reactivate them checkbox, to update and reactivate inactive tax codes and groups.
6. Click Save.