Why Multi-Latin Corporations Should Ditch Gut Decisions

Intuition often helps guide the decisions of successful business leaders, but the CEOs of international corporations operating subsidiaries in Latin America may want to look before they leap.  This is especially true when it comes to dealing with taxes. Tax regulations in Latin America are complex and constantly changing, making it difficult for international corporations… Continue Reading


Unpacking Item Classification in Brazil

Brazil is recognized around the globe as having one of the most complicated tax systems in the world. The complex and constantly-changing tax requirements regularly confound large international corporations that seek to open or expand subsidiaries in the country.  One of the many difficulties corporations must manage is following the Brazilian government’s rules for classifying… Continue Reading


What You Need to Know About VAT Rates in Brazil

International corporations accustomed to simple value-added tax (VAT) rates are in for a rude awakening when opening up shop in Brazil.  The largest economy in South America is ripe with opportunities for ambitious corporations based overseas, but only if they can navigate the country’s complicated and every-changing VAT rates.   What makes calculating value-added taxes so… Continue Reading


4 LatamReady SuiteApp Features Your Company Needs in Brazil

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… Continue Reading


The Secret to Solving Withholding Tax Problems in Brazil

Magicians never reveal their secrets, right? Fortunately for you, the only vanishing act we perform is making your tax compliance problems in Latin America disappear!  Take Brazil, for example. Many international companies that expand into South America’s largest economy quickly bump up against complex withholding tax requirements that can cause major headaches.  That is just… Continue Reading


Taxes in Brazil are About to Change. Are You Prepared?

Earlier this month, Brazil’s federal revenue secretary announced that the government will send a tax reform proposal to Congress before the end of 2019. Is your international business prepared for potential changes to Brazil’s notoriously complicated tax regulations? Trying to navigate changing tax rules alone can be a time-consuming, complex challenge, even for companies already… Continue Reading


Unlock the Secret to Scale Your Business in Latin America!

Hello, NetSuite universe! Today we’re going to discuss how to further unlock the potential of Oracle NetSuite to help grow your business in a dynamic region of the world.   From new and medium-sized companies to large multinational companies, Oracle NetSuite’s system helps drive success around the world through a cloud-based suite for finance.  However, Latin… Continue Reading


Taxes Compliance Issues in Argentina Holding Your Company Back?

The recent economic turmoil in Argentina has left many international companies feeling unsure about future investment and expansion and struggling to remain compliant with shifting tax regulations. With Argentine citizens electing new leaders at the end of October 2019, even more changes to local tax regulations could be on the horizon.  Does your company oversee… Continue Reading


Expanding your company

In recent years, many unfortunate events within Latin America, such as the discoveries of corruption, strong protests against the governments, stealing of public funds and other unfortunate events have made multi-national companies doubt its decision to invest within the region. What many companies don’t know is that, regardless of these events, the Latin American region… Continue Reading


Rule of Thumb in Brazil

Brazil is one of the most highly-developed countries in Latin America, with a stable economy and an increasingly dynamic marketplace. For this reason, Brazil is in the sights of many foreign companies that want to invest in countries with growing markets. Even though the economy of Brazil and many other countries in Latin America are… Continue Reading


Turnkey events grow your business!

Hello. You read that title correctly. Imagine, a three-day event, two, maybe even one-day event of booths installed in a chilled carpeted conference area filled with like-minded people and businesses, sharing ideas, discussing solutions, doing negotiations (on the spot) , and not forgetting to mention the scheduled expert talks and presentations you can attend, during… Continue Reading


NetSuite’s E-Invoicing Solution for Multi-Latin companies in Latin America

Are you part of a big international corporation? Are you struggling with electronic invoicing within NetSuite for your Latin American subsidiaries? Do you even know what electronic invoicing means?  Chill out! LatamReady is going to explain everything step by step and how our native SuiteApp within NetSuite has all the answers you are looking for… Continue Reading


NetSuite’s E-Invoicing for Multi-Latin companies in Latin America

Hello everybody! Today we are super excited because we’re going to talk again about E-invoicing, the amazing NetSuite world and how LatamReady is changing the way to deal with all the tax regulations inside the Latin American region, offering a perfect tax compliance solution! LatamReady has more than 10 years of experience, offering the ultimate… Continue Reading


The First Stone in the Path… LatamReady Destroys with its All-Powerful Weapon

Do you want to be an all-powerful businessman while using NetSuite in Latin America? Unlock the true power of NetSuite with LatamReady!  We know the main challenge in Latin America is to reach perfect compliance with your taxes, but to defeat all the difficulties you need to overcome some initial obstacles, such as: Different languages between… Continue Reading


How Agile is NetSuite for Your Multi-Latin Company?

Is your company using NetSuite in Latin America? Outdated software could make your system useless, obsolete and incompatible with the latest legal requirements. This in turn would cause internal processes to become inefficient and tedious. For these reasons and more, having a native Built-for-NetSuite solution like the LatamReady SuiteApp, which is constantly updated with all… Continue Reading


Our secret is out there! Bring out your company’s potential now.

NetSuite in Latin America? Hello everyone, today’s blog is a secret especially for you! We’re going to teach you how to unlock the true power of NetSuite in Latin America with the help of the LatamRedy SuiteApp. A native tool that exquisitely handles all issues regarding local tax determination, calculation, rules, information reporting, pdf customizations… Continue Reading


Multi-Latin companies NEED tax advice in Brazil and the rest of LatAm

Taxes are payable by all private business entities residing in Brazil, these include corporations, limited liability companies, partnerships, branches and agencies of corporations with head offices abroad. Taxes are imposed by the federal state and municipal governments. Many business owners know that Brazil has a vast and complex taxation system, comprising federal, state and municipal… Continue Reading


Connected solutions allow you to scale your business, Here is the secret!

Hello, NetSuite universe! Today we’re going to start talking about Oracle NetSuite. What do we really know about it?  Did you know NetSuite provides a unified cloud-based system to companies around the world? This system also helps them connect all their business necessities, allow and un-match the ability to lead their businesses, especially when your… Continue Reading


Are your multiple invoices an issue? Here is the trick!

Recently, a silent change has transformed tax administration in Latin America. Electronic invoicing or as you may know it as ‘E-invoicing’ is the solution against the fight to evasion and the support for tax transparency. It emerged from the innovative efforts of big companies that attempt to implement modern technology for difficult tax requirements, especially… Continue Reading


LATAM TAX REPORTING HOW IT WORKS

Globalization and technological development over the past last decade, including the need for tax compliance has made foreign companies with subsidiaries in Latin America unable to deal with all the requirements and only focus on their core businesses, transferring their resources to expert assessors in those activities, basically outsourcing certain functions including finance & accounting,… Continue Reading


The Solution for Tax Reporting multi-Latin corporations need

The countries of Latin America have introduced a series of reforms aimed at intensifying and modernizing their tax systems. While the reforms are part of an ongoing process carried over from earlier periods, the objectives pursued placed a renewed emphasis on the regulatory tax changes implemented in the region. The tax report identifies the standard… Continue Reading


How can Argentina be compliant with taxes and withholding taxes within NetSuite?

Argentina has been suffering continuously due to the instability of its economy, which has left many companies with constant struggles to comply with the tax compliance regulations. The constant obstacles that the Argentine regulation imposes on foreign companies make them begin to feel insecure. Are you an international corporation that uses subsidiaries that own NetSuite… Continue Reading


GOODBYE TAX INTENSIVE COUNTRIES

Latin America is a complex region taxwise, each country has its own regulations and that makes multi-latin companies’ situation difficult to deal with. LatamReady worked on this scenario and, as a NetSuite partner, is ready to help out those companies that are struggling in the region. The LatamReady SuiteApp was made to help these big… Continue Reading


How Digital Evolution Influences Latin America’s Tax Compliance System

The way to collect taxes nowadays is bringing headaches to the finance ministries of Latin America and the world.  According to a report published in March by ECLAC (Economic Commission for Latin America and the Caribbean), Argentina (21%), Colombia (19%) and Uruguay (22%) already charge VAT on digital services platforms such as Netflix, Spotify and… Continue Reading


The Headache for NetSuite users: Constant Changes in the Tax System in Latin American Countries

Did you know that the current Deputy of the LVII and LIX Legislatures of the Mexican Congress Alfonso Ramírez Cuéllar is presenting a project to apply taxes to purchases in Amazon, Uber, and Airbnb? If approved, Ramirez stated e-commerce companies, carpooling platforms, and home rental platforms would be subject to the standard 16% VAT charged… Continue Reading


Centralizing Latin American tax compliance processes: A step too far?

One common pitfall: Thinking that Latin American processes can be easily moved into a financial shared service managed exclusively in the US. We can see those big American corporations or just international corporations, in general, are working with shared services. These shared services could be a company or a business unit that is centralizing all… Continue Reading


LatamReady and NetSuite: The dynamic duo to deal with the complex Brazilian Tax Compliance System

The Brazilian government plans to announce in July 2019 a list of fiscal measures to revive the Brazilian economy. They are moving forward with the tax reform project and debating about the creation of a new tax for financial transactions that will affect all large corporations with subsidiaries in the country.  For these sudden changes… Continue Reading


Multi-booking in LatAm within NetSuite: The risk of juggling multiple currencies

Hey, did you know that the Latin American region counts for more than 14 countries, with different currencies for each one of them? When it comes to owning subsidiaries in Latin America, remember that currencies are another big challenge, especially in accounting and tax reporting.  Most of the time, when not paying enough attention to… Continue Reading


What Multi-Latin corporations need to know about NetSuite in LatAm

In case you didn’t understand, your ERP or whatever accounting software you are using is NOT a financial system of record. When you’re expanding overseas, especially in Latin America, your objective will be to simplify your tax reporting process, not make it more difficult, so to you, international business owners reading this article, here’s what… Continue Reading


Changes in the Brazilian Tax Compliance… Are you prepared for these circumstances?

At the beginning of July 2019 the Brazilian president, Jair Bolsonaro announced on Twitter, that the Ministry of Economy will analyze the possibility of reducing taxes from 16% to 4% on imported information technologies, such as computers and cell phones. For these sudden changes in the Brazilian tax system, you need adequate support. LatamReady is… Continue Reading


THE CHALLENGE OF CONSTANT CHANGES | NetSuite Within Latin America

Multi-Latin companies face many challenges when they are working in the LatAm region, but no worries LatamReady has considered all of them and has built the PERFECT tool to solve them all, the LatamReady SuiteApp which has been made for NetSuite users and it’s available for more than 14 countries in Latin America including Brazil, Mexico, Colombia, Argentina and many more. Let’s focus on the biggest challenge that is involved in : THE CHALLENGE OF CONSTANT CHANGES


Tax and accounting files within NetSuite in Latin America: the ULTIMATE challenge when it comes to cybersecurity

With the digitalization and therefore the acceleration of the flow of information all around the world, businesses are working faster, reports need to be done quicker, meaning that tax and accounting files can’t be spared in those changes. Well, unless you are a small business owning 5 employees in the middle of Utah, every big… Continue Reading


LatamReady: The Right Tax Compliance Solution in Times of Uncertainty in Latin America

Christine Lagarde, the managing director of the International Monetary Fund (IMF), admitted that the institution had underestimated the complexity of current Argentina’s economic situation. That’s make invoicing in Argentina a little tricky, as you can find a lot of document types such as ‘Factura A’, ‘Factura B’, etc. But, how can LatamReady give the right… Continue Reading


Problem Solved!

Common problems faced by multi-latin companies when implementing an ERP. Many of our customers have followed the same ( wrong) formula before being introduce to the LatamReady SuiteApp. Here’s an exampleOur last customer started using  ‘QuickBooks’ ( a small and medium-size business accounting software) they realized it wasn’t enough for their growing needs. Also, they… Continue Reading


TAX COMPLIANCE 101 : How to be in full control of your businesses within the Latin American Space?

Latin America is an emerging region not only full of opportunities but also challenging business wise. What are those challenges you may ask and how can we go over them and therefore make our businesses successful in the long run? Why instinct should not be existing in tax compliance? Today, we are going to focus… Continue Reading


E-Invoicing ≠ Invoices!?

Many people assume that Electronic Invoicing is only meant to be for invoices, with no other purpose or use. However, due to the peculiar requirements Latin American countries have for Taxation, e-invoicing becomes a versatile electronic document. Before explaining its versatility, you need to understand how they work. When you issue Electronic Invoicing with LatamReady… Continue Reading


NetSuite’s Secret REVEALED!

What is a SuiteApp? “SuiteApps are applications that extend NetSuite for your industry and business needs.” SuiteApps are the most amazing thing! They are third-party applications certified by NetSuite and built on NetSuite’s SuiteCloud platform. The official marketplace for these solutions can be found on SuiteApp.com you can find all the solutions from other third-party providers that… Continue Reading


An Introduction To NetSuite & Argentina

  Watch the entire webinar here: https://www.youtube.com/watch?v=ThnDKUZW8gI&t=8s Baz: Hello everybody! Welcome again to the monthly show LatamZone. This is where we talk about our localization solutions for NetSuite from LatamReady, the number one NetSuite partner for international multi latin companies! Today topic is an introduction to NetSuite and Argentina, everything you need to know! Today… Continue Reading


Common Pitfalls When Implementing An Accounting Software In Your Multi-Latin Companies

Common Pitfalls with NetSuite You can watch the full webinar here!   Baz: Hello and good afternoon, everybody and welcome back to LatamReady. This is our monthly webinar where we talk about everything about Oracle NetSuite. Today we have Carlos here, hello Carlos welcome! If you noticed guys, there’s one person missing, our beloved Glenn our… Continue Reading


NetSuite & Electronic Invoicing with LatamReady in Latin America Webinar

This is the FULL TRANSCRIPTion of the Electronic Invoicing webinar on NetSuite and Latin America. Watch the full webinar at https://tinyurl.com/y9hjv5sk  (Intro) Baz: Hey everybody you’ve just tuned into LatamZone! This is the monthly webinar, where LatamReady holds to talk about our localization solutions, a.k.a the LatamReady SuiteApp. Today’s topic is NetSuite and E-Invoicing with LatamReady,… Continue Reading


Keep up with the world! An organized system is a solution.

It’s no secret that the workplace is changing. Since just the turn of the century, Americans can undeniably feel a shift from physical to manual skills, low education positions to positions requiring higher education, and can experience an increased need for employment requiring more analytical skills. Changes as such can be due to globalization. With… Continue Reading