Tax compliance is where projects get stuck.
NetSuite is the same product in every country; tax law is not. We implement Oracle's native localizations where they exist and build the full localization where they don't.
Not every country is solved the same way.
Oracle native localization
Colombia, Chile and Mexico have an official version. We implement it and tune it to the business. Oracle maintains it and updates it with every semiannual release. Where it exists, it's always the recommended path.
Custom localization
Argentina, Peru, Ecuador, Belize and others have no native version. Invoices, ledgers and statutory reports are built on the platform, and regulatory maintenance sits with the partner.
MX
Mexico
Oracle native localization available.
Official version available. The critical piece is CFDI 4.0 and the payment complement, which changed how collections are recorded.
CFDI 4.0 stamped through a SAT-authorized certification provider (PAC)
Payment complement (REP) and its reconciliation against invoices
VAT and income tax withholdings
DIOT and electronic accounting
CO
Colombia
Oracle native localization available.
Colombia has an official version. The real work is connecting electronic invoicing to an authorized technology provider and getting withholding at source correctly configured.
DIAN electronic invoicing in UBL 2.1 format via an authorized provider
Withholding at source, ReteIVA and ReteICA by municipality
Supporting document for purchases from non-invoicing suppliers
Annual third-party information reporting to DIAN (información exógena)
CL
Chile
Oracle native localization available.
Official version available. Attention goes to electronic tax documents and the ledgers the SII requires.
Electronic tax documents (DTE) filed with Chile's tax authority, the SII
Invoice, boleta (consumer receipt), shipping note, and credit and debit notes
Electronic purchase and sales ledgers
Withholdings and tax codes per local regulation
AR
Argentina
No Oracle native localization. Built from the ground up.
It's the country where implementations in the region stall the most, because every tax requirement has to be built. We have it developed and running in live accounts.
Electronic invoicing against ARCA (formerly AFIP), including retrieval of the CAE authorization code
Class A, B, C and E invoices, plus credit and debit notes
Withholdings and advance collections (percepciones) for VAT, income tax and gross-receipts tax, by jurisdiction
Purchase and sales VAT ledgers and information regimes
Class E invoice for service exports
Peru, Ecuador, Dominican Republic, Costa Rica, Belize and the rest of the region.
In countries without a native localization the approach is the same one we use in Argentina. Review the rules currently in force, define which documents and ledgers the tax authority requires, and build it on NetSuite. If a country isn't on this list it can still be assessed, because the work is known and what changes is the regulation.
NetSuite localization, concretely.
Which countries does the company invoice in?
Free assessment to review what each country you operate in requires and what that means inside NetSuite.
Ask about localization