Connector for NetSuite lets you calculate tax on the purchase order for VAT-specific countries.
Before you begin
Ensure that you have the following before you proceed further:
You must have a VAT AvaTaxGlobal service subscription.
The VAT effective date must be 01st January 2021 or later to apply the new or enhanced VAT rules. If the VAT effective date is before 01st January 2021, then the old VAT rules will be applied for the transactions.
You must have the International Tax Reporting bundle installed in your NetSuite account. After installing the International Tax Reporting bundle, you will be able to access the EU Triangulation and other options at the line level.
- Log into NetSuite.
- Create a purchase order.
- Add a vendor.
- Add a line item and select AVATAX as tax code.
- Select Calculate Tax or select Save.