what is legacy tax
# ask-stanley-ai
h
what is legacy tax
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AI generated answer (using internal Slack threads):
Legacy Tax in NetSuite refers to the original tax system that was used before the introduction of SuiteTax. It is a tax system that calculates taxes based on the nexus, which is the connection between a taxing jurisdiction and a business that creates a tax liability. In the context of NetSuite, the nexus is usually triggered by the 'ship to' address for sales and by the 'Vendor Default ship address' for purchases. If the nexus is not correctly set, it can lead to incorrect tax calculations. However, it's important to note that once you switch to SuiteTax, you cannot revert back to Legacy Tax. SuiteTax is an environment change that applies to the entire NetSuite instance. Legacy Tax does not have the ability to "end date" a nexus like SuiteTax does. In Legacy Tax, if you want to change the tax rates, you would need to make sure no state codes are loaded or if they are, you need to change them all to 0%. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.747105539
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.732151926
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.726228714
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