Are you using NetSuite in Latin America? Do you know that for each specific tax requirement you need a different E-invoice?
Every invoice you create in Latin American is mandatory files following a specific format. Also, that file goes to the local tax authority, and they approve that so they’re in full control of every transaction that’s being made. That’s the reason why there are so many tax laws in the whole region.
LatamReady knows this and also knows that many international companies with subsidiaries in Latin America are struggling with. Lucky for them we have developed the perfect tool within NetSuite to solve all the tax difficulties in the region.
First of all, do you know what Electronic Invoicing is?
Electronic invoicing actually should technically be called ‘Electronic documents’. This refers to the legal requirement when issuing invoices, debit memos, credit memos, withholding tax certificates, all usually done with an XML file.
An XML document is a very specific file that should be issued by every single company when tax reporting. For example, if you sell something to someone you have to issue an electronic invoice that represents that purchase via an XML file.
Now how to choose the correct option
When a company has electronic invoicing, they need to issue a certain amount of invoices per month, and this is where LatamReady is one step ahead of everybody else.
If a customer issues electronic invoices there are different options a customer can go for, in order to solve this issue. They can either use a basic integration feature within NetSuite, or they can use a middle man tax expert company to connect them to the tax authority.
That means that once you create an invoice within NetSuite, with LatamReady SuiteApp, there’s an extra button generated by us. With our SuiteApp you will make an automated integration with the tax authority to generate an XML file and have it validated.
LatamReady SuiteApp is an unbreakable shield
When it comes to tax compliance in the LatAm region there is no other! LatamReady SuiteApp is an excellent Tax Compliance solution within Oracle NetSuite for Latin America. We’re the perfect solution for all your tax compliance issues, solving problems you may have in the tax calculation, tax determination, and tax rules.
LatamReady works tirelessly every day to provide the best tool with the ultimate solution to all international corporations experiencing tax compliance problems. E-invoicing, E-payments, Legal Ledgers, and many other issues that can be dealt with via LatamReady, all within NetSuite!
Be aware of the changes that are happening regarding tax compliance not only in Brazil but also in Argentina, Mexico, Colombia, and 18+ other countries in the Latin American space. Check www.latamready.com or feel free to call us at +1-786-600-2641 to avoid any more problems!
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