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Taxation Updates in NetSuite 2021.1

2021.1 Taxation |
  • Tax Reporting Framework Enhancements ▬ EU VAT One Stop Shop Report for Accounts without SuiteTax ▬ Enhanced Support for Accounts without SuiteTax ▬ Support for India SuiteTax Engine SS2 ▬ SuiteQL Support and Country Tax Reports Page Enhancements ▬ Multi-Book Accounting and Adjustment-Only Book Support
    • Mexico Deferred Taxes
    • Belgium Localization Tax Reports Enhancements
    • Belgium Localization Intrastat Reports Updates
    • France Localization Enhancements
    • Germany Localization Chart of Accounts and Financial Statements Enhancements
    • Germany Localization Tax Reports Enhancements
    • Ireland Localization Enhancements
    • Netherlands Localization VAT Report Enhancements
    • Netherlands Localization Intrastat Reports Updates
    • Norway Tax Reports Enhancements
    • Sweden Tax Reports Enhancements
    • United Kingdom Localization VAT100 Report and Intrastat Report Updates
  • Legacy Tax
    • Tax Audit Files Enhancements ▬ Enhancements to Period End Journal Entries for France FEC ▬ Period End Journals Support
    • Tax Audit Files Issue Fixes ▬ Tax Audit Files 1.83 Issue Fixes ▬ Tax Audit Files 1.83.1 Issue Fixes
    • Single Line Prompt Payment VAT Discounts for Supplementary Tax Calculation
    • International Tax Reports Enhancements ▬ Ireland Postponed Accounting for VAT on Imported Goods ▬ EU VAT One Stop Shop Tax Code Provisioning ▬ Belgium Support for Reporting 100% VAT Bill ▬ France Support for Reporting of Imported Services Outside of EU ▬ Germany Monthly/Quarterly VAT Return Form and XML Update ▬ United Kingdom MOSS Tax Code No Longer Provisioned ▬ Finland Support for Reporting of Services Outside of EU ▬ Germany Annual VAT Return Update ▬ United Kingdom Tax Codes, VAT 100 Form, and Intrastat Report Updates
    • International Tax Reports Issue Fixes ▬ International Tax Reports 3.120.0 Issue Fixes
    • ANZ Localization Enhancements
    • China Localization Enhancements
    • Portugal Invoice Certification Enhancements
    • Portugal SAF-T