Argentina is one of the big four. There is Brazil, Mexico, Colombia, and Argentina, countries were there is an ambitious market for multi-latin companies, but also where we have the most challenges. What is one of those challenges? In Argentina, invoicing can be a little tricky, we can find a lot of document types suchContinue reading “Easily expand into Argentina’s market with Oracle NetSuite”
Category Archives: LatamReady
Oracle NetSuite in Colombia: Legal Ledgers 101
Oh Colombia, a beautiful country situated in the northwest of South America, with stunning beaches, an abundant history and a very spectacular culture. What wouldn’t US corporation want to expand its operations to that wonderful territory, right? However, before expanding your business to Latin America, specifically Colombia, let me give you a few tips thatContinue reading “Oracle NetSuite in Colombia: Legal Ledgers 101”
Overview: Chart of Accounts within Oracle NetSuite in Latin America
Chart of accounts is something we hear a lot about, and it usually depends on different opinions from different clients depending on their size, and where they come from. But, what is charts of accounts? It’s an accounting concept. If you have an accounting ERP, you need to use accounts , these are codes andContinue reading “Overview: Chart of Accounts within Oracle NetSuite in Latin America”
Oracle NetSuite in Mexico: How to calculate Withholding Taxes?
Congratulations! Your U.S. based company has decided to expand to Latin America, and the first country of choice is Mexico. When a company opens a subsidiary in Latin America, the first challenge they face is the new back office accounting requirements. In the case of Mexico, the biggest test your company will encounter will beContinue reading “Oracle NetSuite in Mexico: How to calculate Withholding Taxes?”
Tax Compliance Advice for Latin America – Who are the right people?
Tax advice is a big one when we talk about international organizations. If a foreign company ventures out to Brazil for example, they will have lots of questions. What usually happens is, they hire an accountant and they say A, they hire another accountant and they say B, and that’s the classic in Latin America,Continue reading “Tax Compliance Advice for Latin America – Who are the right people?”
Constant Change and Support – How does it affect tax compliance in Latin America??
The example we always use is for explaining Latin American situation is, if you want to understand tax compliance in Latin America, then you can’t take a picture, because that picture is not going to be valid next day or next month. If you work on a list of tax compliance requirements for the countriesContinue reading “Constant Change and Support – How does it affect tax compliance in Latin America??”
Understanding E-Invoicing in Latin America and how Oracle NetSuite can help
E-invoicing is not just invoicing, we are talking about electronic documents, very similar to the concept before about tax reporting. All of the information electronically received by the tax authority in a specific format. Every single invoice, credit memo, debit memo, waybills, withholding taxes certificates, any kind of documents that needs to be submitted toContinue reading “Understanding E-Invoicing in Latin America and how Oracle NetSuite can help”
Legal Ledgers / Tax Reporting – Why? Where? When? A Guide for Oracle NetSuite Users
The next step after-tax calculation and paying your taxes is reporting them every single month. Remember that in each country in Latin America taxes are meant to be paid monthly. Even in some cases like Argentina, you have to send some reports every two weeks. Tax reporting is all about control, it’s all aboutContinue reading “Legal Ledgers / Tax Reporting – Why? Where? When? A Guide for Oracle NetSuite Users”
Are taxes the same in US and Latin America? A guide for Oracle NetSuite users
The first idea is that taxes are very similar in the US and in Latin America. In the States, you will find VAT taxes that are common here in Latin America as well. The truth is, they’re completely different things, it’s the same concept but it’s not the same way of working. We need toContinue reading “Are taxes the same in US and Latin America? A guide for Oracle NetSuite users”
E-Invoicing ≠ Invoices!? Guide to Tax Compliance in Latin America
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 LatamReadyContinue reading “E-Invoicing ≠ Invoices!? Guide to Tax Compliance in Latin America”