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Localization SuiteApps Enhancements in NetSuite 2023.2
Localization SuiteApps in NetSuite 2023.2 receive enhancements for tax reporting and compliance across multiple regions.
·2 min read·From NetSuite Release Notes PDF
Starting in NetSuite 2023.2, several important enhancements have been introduced to the Localization SuiteApps, aimed at improving order management and compliance with regional tax regulations. These updates reflect NetSuite's ongoing commitment to providing comprehensive support for businesses operating in diverse markets.
What's New
The following enhancements were rolled out as part of the 2023.2 update, categorized by region:
Belgium Localization Tax Reports Enhancement
- Improvements to the tax reporting capabilities within the Localization SuiteApp specific to Belgium, allowing for more accurate compliance reporting.
Brazil Certification Tax Authorities Enhancements
- Enhanced features that support compliance with Brazil's certification requirements for tax authorities, streamlining reporting and documentation processes.
Brazil Localization Enhancements
- General improvements to suit the specific needs of Brazilian users, ensuring better alignment with local regulations and business practices.
Brazil Reports Enhancements
- Enhancements to reporting features in Brazil, providing richer data and more versatile reporting options that cater to local requirements.
End of Support for Singapore GST F5 Report
- Note that support for the Singapore GST F5 report has been officially ceased in SuiteTax Country Tax Reports APAC; users are advised to transition to alternative reporting tools as necessary.
India Localization Enhancements
- Updates that facilitate better localization for users operating in India, focusing on compliance with local taxation and reporting needs.
Portugal Invoice Certification Enhancements
- Enhancements that improve the certification process for invoices to comply with Portuguese regulations, allowing businesses to ensure their invoices meet local requirements efficiently.
Who This Affects
- Administrators: Need to update and manage localization settings and reports.
- Developers: Involved in customizing SuiteApps to align with enhanced features.
- Accountants: Require accurate and compliant tax reporting for their respective regions.
Key Takeaways
- Multiple regional enhancements in the Localization SuiteApps for 2023.2.
- Key areas of focus include Belgium, Brazil, India, and Portugal.
- The Singapore GST F5 report is no longer supported.
- These updates aim to improve compliance and ease of reporting for users across regions.
Source: Localization SuiteApps — NetSuite Release Notes PDF. This article was generated from official Oracle documentation and enriched with additional context and best practices.