When comparing the Legacy taxation with SuiteTax in US perspective, we need to consider the following points: If there are subsidiaries in other countries too, their compatible tax methodology needs to be identified. If there are multiple tax registrations for a single subsidiary, we need SuiteTax for the same. The same goes for its customer… Continue reading Decision between legacy and SuiteTax for US
Tag: us tax
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… Continue reading State Tax Import