The LatamReady SuiteApp is the secret weapon for multi-Latin companies using Oracle NetSuite!
Our innovative tax compliance solution enables large international corporations with subsidiaries across Latin America to control and manage their company and its international processes easily in the cloud!
The LatamReady SuiteApp even works for companies operating in Brazil, the country recognized around the globe as having one of the most complicated tax systems in the world.
Here are the 4 key LatamReady SuiteApp features every international subsidiary in Brazil needs to succeed.
#1: Brazil Localization Feature
The LatamReady SuiteApp localization feature installs specific NetSuite standard fields for Brazil, such as the official Brazilian tax identification number and fiscal codes of operations and services (also known as Código Fiscal de Operação e Prestação, or CFOP, in Portuguese).
The CFOP code is incredibly important for international businesses to get right, as it defines what tax rules are applied to a business operation or transaction.
#2: Brazil Withholding Tax Feature
Calculating withholding taxes is one of the biggest challenges for companies with subsidiaries in Brazil.
Withholding taxes are calculated differently depending on whether the transaction involves goods or services. In addition, regulations vary widely among different Brazilian states and even cities. Sound complicated? It is!
The LatamReady SuiteApp accurately calculates withholding tax rate combinations and issues withholding tax certificates in the specific format required by Brazilian law.
#3: Brazil E-Invoicing Feature
Each E-invoice your subsidiary in Brazil sends out to a customer needs to be produced in a specific format as prescribed by Brazilian tax regulations.
The LatamReady SuiteApp E-invoicing feature produces graphic representations of both the PDF format and XML legal file accepted by the Brazilian tax authority.
With our innovative solution, you can issue E-invoices from inside of NetSuite and generate the electronic documents needed with a simple click of a button!
#4: Brazil E-Payments Feature
Does your business make bulk bank payments in Brazil? Then you can benefit from the LatamReady SuiteApp E-payments feature!
This easy-to-use feature allows you to make massive payments in dozens of banks across Latin America following the specific legal formats mandated in each country, including Brazil.
Unlock one of the world’s most complicated tax systems with LatamReady SuiteApp’s comprehensive features.
Our ultimate tax compliance solution works in 18+ Latin American countries, including Brazil.
Get your hands on the secret weapon for multi-Latin companies using Oracle NetSuite today. Visit www.latamready.com or call one of our sales reps at +1-786-600-2641.
NetSuite + LatamReady | Brazil Localization
What You Probably Didn’t Know About Tax Compliance in Brazil