The #1 Cloud ERP in the world, Oracle NetSuite, is not only capable of improving business management. It also works with the perfect native solutions to help them achieve full tax compliance in the most difficult countries in Latin America, easing their expansion. Discover more about this solution in this blog.
Oracle NetSuite Cloud ERP, the ERP market leader worldwide, continues helping thousands of companies around the world to improve their business management. But… How does this system help them when they are looking to expand to Latin America?
As a leader system, NetSuite continues offering a high quality service although because of all the different tax regulations of each Latin American country, it may need a little help. That’s when our LatamReady SuiteApp takes over the situation!
This SuiteApp has built specific features within Oracle NetSuite to satisfy the needs of your company regarding each Latin American country’s requirements; even in the ones who have the most complex tax system. One of them is Argentina.
Are Argentinian taxes and withholding taxes a challenge?
Argentina definitely has a tax system that requires knowledge and experience.
This country have a great quantity of confusing tax concepts such as “retención de ganancias” which is an income tax, “retención de impuestos brutos” which is a local withholding tax or a “retención de IVA” which is a tax related to VAT (value-added tax). And each one of them has their own configurations…
That means that they must be treated carefully in order to avoid paying big amounts of money in fines.
Maybe, while you are reading this, you feel that your plans to enter the Argentinean market have been ruined or that you’d prefer to take another course; however, we have good news. At LatamReady we have experts in the Argentinian Tax System in order to manage this situation.
LatamReady is compatible with the Argentine Tax System
The knowledge and experience of the LatamReady team in the Latin America region has helped to develop the right tool within the LatamReady SuiteApp: Latam Tax.
This tool, which works with the feature Tax Rules and Tax Calculations, will help companies to manage this withholding taxes efficiently and without errors inside NetSuite in all Latin American countries: Chile, Perú, Brazil and even Argentina.
Latam Tax allows the user to set specific configurations needed in a specific transaction. In this way all the difficulties found in this region are solved, making big corporations save time and money.
So… Yes! Argentina won’t be a problem anymore! The LatamReady SuiteApp and its features and tools will consider all the local regulations needed to make commercial transactions easier and efficient. In this way you will be able to unlock all the potential of this country for your company.
So, now we know that…
- Argentina is one of the most challenging because of its great quantity of confusing tax and withholding tax concepts.
- Thanks to the feature Tax Rules and Tax Calculation in the LatamReady SuiteApp, companies will be able to manage this withholding taxes efficiently and without errors within Oracle NetSuite through the Latam Tax tool.
- Through its features and tools, the LatamReady SuiteApp is capable of considering all the local regulations needed to make commercial transactions easier and efficient, even in the most complicated countries such as Argentina.
- With the LatamReady SuiteApp, Oracle NetSuite Cloud ERP is able to extend its power to overcome the tax compliance challenge according to the needs of each country in the Latin American region.
How does LatamReady power up Oracle NetSuite?
We are the #1 Oracle NetSuite partner in Latin America that, through the best ERP worldwide, will help you adapt to changes and grow your business.
Why should you choose us? Find out here.
Become a NetSuite expert in the LatamReady solution in our LatamDojo!
We want YOU to become the expert! That’s why we have a surprise: an e-learning platform (for our customers only) known as LatamDojo.
But… What is LatamDojo? What does it offer? Why should I use it? Here are the answers!
Chart a bold new path by adopting modern solutions for tax compliance challenges in Latin America with LatamReady.