It’s no secret that sales tax is complex for businesses. But many NetSuite users are unaware of capabilities within their ERP that could help reduce the risk and burden around organizational compliance.
SuiteTax was built to replace the legacy tax engine within NetSuite that supports basic client needs for compliance in multiple countries. The additional SuiteTax API layer allows customers to connect multiple tax engines and define separate nexuses for each subsidiary, as well as connections for other compliance tools related to EU VAT reporting, 1099 compliance and sales tax filings.
To help explain the functionality and benefits of the native tool, Sovos sat down with Kamlesh Rajyaguru, NetSuite’s global director of SuiteTax. Hear what Kamlesh has to say about the SuiteTax solution and read on to learn how you can take advantage of these capabilities.
Source: SOVOS
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