Hey y'all! Questions for all you International Tax...
# taxes
b
Hey y'all! Questions for all you International Tax folks out there. I have a client requiring Germany and UK Localizations and International Tax reporting. I keep going back and forth between SuiteTax and Legacy Tax reporting capabilities, but all the materials I am reading make it look like NetSuite is HEAVILY leaning towards developing their tax capabilities based off of SuiteTax. However, it still requires a reach out to NS Support and the answering of questionnaires three years after they put out trainings on the product stating it was the future in 2-3 years. I have a few questions.. If you have a new NS client with international tax reporting requirements. Would you use legacy tax, or jump through the hoops with SuiteTax? Is SuiteTax included with NS Licenses as long as it is provisioned? Are there any "gotchas" I should consider if implementing SuiteTax?
r
Hey! Which route did you end up going at the end? It was my understanding that SuiteTax was not really ready for Europe, like it had many issues and features lacking vs legacy tax. But I am not sure if that is still the case and nowadays is a better option than Legacy Tax
k
I had several new clients recently facing this decision. In my opinion it very much depends on industry. One of my clients is prof services firm, for them - definitely no sales tax except for CT, thus, legacy tax for them. Other, “more taxable” clients are on case by case bases, literally, you have to take what the client has and compare features for each nexus they have to report on.
a
I would say that legacy tax doesn't fit if you have multiple warehouses and tax registrations in one subsidiary. Currently we in in progress of SuiteTax implementation for such case as I wrote. The worst thing is very low level of competence at Netsuite support so the things doesn't go smoothly.
Another problem is very passive European Netsuite community or maybe the key is that there are not so many European customers which would be hard to believe