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GNRE Tax Collection Forms in NetSuite 2023.2

GNRE tax collection forms for interstate sales introduced in NetSuite 2023.2.

·2 min read·From NetSuite Release Notes PDF

Starting in NetSuite 2023.2, users can now generate the Guia Nacional de Recolhimento de Tributos Estaduais (GNRE) tax collection forms for interstate sales transactions. This feature enhances compliance with tax regulations for businesses engaging in interstate commercial activities in Brazil.

Key Features of GNRE Tax Collection Forms

  • Eligible Transactions: The GNRE forms can be generated for transactions that feature a certified electronic invoice.
  • Applicable Taxes: The generation is applicable for transactions where the following taxes are involved:
    • ICMS ST (Tax on Circulation of Goods and Services for the Tax Substitution)
    • ICMS DIFAL (Differential Rate Tax)
    • FCP ST (Fund for Combatting Poverty - Tax Substitution)

How to Generate GNRE Forms

  1. Transaction Requirements: Ensure that the transaction has a certified electronic invoice and includes the relevant taxes.
  2. Navigation: Locate the GNRE generation option in the transaction record interface.
  3. Form Generation: Follow the prompts to generate the GNRE form accurately reflecting the transaction details.

Best Practices

  • Confirm Compliance: Always ensure that your transactions are compliant with local tax regulations to avoid potential penalties.
  • Audit Trail: Maintain accurate records of generated GNRE forms for future audits and tax submissions.
  • Training: Train staff responsible for handling tax documentation on the new process for GNRE form generation.

Who This Affects

  • Administrators: Need to configure settings for tax forms generation.
  • Accountants: Responsible for ensuring compliance and accuracy of tax-related documents.
  • Sales Personnel: Must understand how to manage transactions involving GNRE forms.

Key Takeaways

  • GNRE tax forms are now available in NetSuite 2023.2 for interstate sales.
  • Applicable only for transactions with certified electronic invoices and specific taxes.
  • Streamlined process to enhance compliance with Brazilian tax regulations.
  • Important for administrators, accountants, and sales personnel to be trained on new processes.
Source: GNRE Tax Collection Forms — NetSuite Release Notes PDF. This article was generated from official Oracle documentation and enriched with additional context and best practices.