NetSuite SuiteTax for Multinational Tax Management

Automated Tax Calculations Across Multiple Jurisdictions

A significant challenge of international – or even inter-state – business is compliance with the myriad tax rules and regulations that differ from country to country, state to state, and sometimes at the county or city level. Organizations are required to determine and calculate taxes across multiple jurisdictions and are often faced with manual, time-consuming methods, and repetitive work to disseminate data into systems used for sales, billing, revenue recognition, payment processing, and more.

SuiteTax, built on the trusted NetSuite platform, is an integrated solution that provides the flexibility to support specific tax needs and legislation changes. With SuiteTax, you’ll be able to effectively manage in-country transactions, such as sales tax, VAT, or GST, and special tax situations and rules, such as intra-EU transactions, 3PL, reverse charges, and others. Additionally, the SuiteTax API allows multiple tax partner engines to tailor a solution to geographic requirements.

Eliminate manual tax calculations and labor-intensive management of tax rates and regulations with NetSuite’s easy-to-install SuiteTax solution. AST’s veteran NetSuite team is available to assist you in choosing which bundles are right for your business:

SuiteTax for USA and VAT Countries (includes over 140 countries)
SuiteTax for India
SuiteTax for Brazil

There are myriad benefits that come with using SuiteTax, both in general and region-specific use cases.

Overall, SuiteTax helps your company:

Handle sales tax, VAT, GST, and withholding tax calculations
Maintain monthly tax rates for over 110 countries
Automate monthly tax rate updates for 110 countries while also compiling the history
Auto-provision tax codes with rates
Maintain rate change history by effective dates
Manage multiple tax jurisdictions for each subsidiary
Enhance tax determination logic based on location, origin, and destination