Hey NetSuite user, do you own subsidiaries in Brazil? Did you know that E-invoicing, better known in Brazil as “The NF-e”, is the local mandatory document to issue invoices related to the purchase and sale of products? The structure of such document is based on a file in XML format, which must be declared to the competent tax authority (SEFAZ) for approval before making any transaction. The “Nota Fiscal de Serviços Eletrônica” is the document that SEFAZ establishes as mandatory to document operations related to the rendering of services between commercial partners.
We know it’s not easy to deal with all of that and lucky for you LatamReady is always prepared for these circumstances because we have experience in Brazil, Mexico, Argentina, Colombia and more countries in the Latin American space, providing the ultimate tax compliance solution for large corporations within NetSuite. Don’t believe us? Keep reading!
How you need to think when it comes about tax compliance
You have to think of different taxes in different states, different taxes within Brazil itself, service taxes, all sorts of different kinds of taxes. The way they’re structured is very different, the way taxes are calculated depends on a lot more factors than in the US, and those factors are very dynamic and can change. So having that set-up inside of your NetSuite environment in the right way is critical.
And how about E-invoicing requirements?
E-invoicing is created following a precise XML format. They must also include an electronic signature, to guarantee their authenticity and integrity, and must be evaluated by the Brazilian tax authority. In the last decades, mandatory e-invoicing has been an opportunity for businesses to improve thanks to quicker collection times and lower costs associated with document processing. However, for huge foreign companies, it’s very difficult to understand how everything works.
For all this and many more legal requirements such as E-payments, Withholding Taxes, Legal Ledgers, etc, LatamReady with its PERFECT tool within NetSuite goes further, offering a service that totally suits large international companies and the needs of their subsidiaries in Latin America.
Don’t look any further!
Contact us! Don’t waste valuable time, our LatamReady SuiteApp is the ULTIMATE solution to all your tax compliance problems for Brazil, Mexico, Argentina, Colombia, and more than 18+ countries in the Latin American region within NetSuite.
Time management won’t be a problem for you anymore, thanks to LatamReady! Feel free to call one of our sales reps at +1-786-600-2641 to know more! You can also find our pricing list on www.latamready.com, after that you’ll be fully on point with LatAm tax compliance using NetSuite, that’s for sure!
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