Tax compliance, legal ledgers, multi-booking reports and adhering to the correct file formats required by local government authorities can be a real problem for many companies that currently own or want to open subsidiaries in the Latin American region. The complexity of the local laws in each country makes some big international enterprises hesitate to do business there.
LatamReady is the LEADING AUTHORITY within NetSuite for full tax compliance in 18+ countries in Latin America. Here is an example of how our innovative solution benefits companies operating in Brazil. Keep on reading!
Starting Out in Brazil
During our first implementation in Brazil, we used only the standard NetSuite functions. After this experience, we realized that although NetSuite standard functions are great for small processes, we would need to take things to the next level.
In Brazil, every state has its own mandatory documents for tax compliance, and that takes a lot of money and time to strategically deal with. Compared to other Latin American countries, complying with taxes in Brazil requires a tremendous amount of manual work! Our team initially struggled because everything in Brazil had to be implemented manually, line by line, by the end of the month.
How We Maneuvered Our Way to a Solution
NetSuite is well-known to look after small to medium-sized businesses. LatamReady’s ULTIMATE tool within NetSuite goes further, offering a service that perfectly suits large international companies with subsidiaries in Latin America. The LatamReady SuiteApp can process thousands of legal regulations in an instant following correct requirements for the region.
Want to Improve Tax Compliance in Your Latin American Subsidiaries?
Contact us! Don’t lose valuable time. Our LatamReady SuiteApp is the ULTIMATE solution to all your tax compliance problems, including E-invoicing, E-payments, withholding taxes, legal ledgers, and many other features for 18+ countries in the Latin American region, such as Brazil, Mexico, Argentina, Colombia and more.
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.
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Want to implement the ULTIMATE Tax Compliance solution?