SuiteTax Latam Engine - Brazil Records in NetSuite

FEATURE: SuiteTax Latam Engine - Brazil Records in NetSuite 2026.1
CATEGORY: Country-Specific Features

To better meet tax compliance requirements in Brazil, SuiteTax Latam Engine - Brazil Records debuted in NetSuite's Weekly Update on February 16, 2026. This SuiteApp provides automated tax calculation capabilities essential for businesses operating within the Brazilian market, covering various taxes that are crucial for local compliance. Starting in NetSuite 2026.1, this SuiteApp continues to enhance its features and capabilities, ensuring compliance with tax determination rules in Brazil.

Key Features of SuiteTax Latam Engine - Brazil Records

The SuiteTax Latam Engine includes predefined plugins and records to calculate multiple taxes pertinent to both goods and services in Brazil:

Tax Calculation Categories

1. Services:

   • Contribuição de Intervenção no Domínio Econômico (CIDE)
   • Contribuição para o Funcionamento da Seguridade Social (COFINS)
   • Contribuição sobre Bens e Serviços (CBS)
   • Contribuição Social sobre o Lucro Líquido (CSLL)
   • Contribuições Sociais Retidas na Fonte (CSRF)
   • Instituto Nacional do Seguro Social (INSS)
   • Imposto de Renda Retido na Fonte (IRRF)
   • Imposto sobre Bens e Serviços (IBS)
   • Imposto Sobre Serviços de Qualquer Natureza (ISS or ISSQN)
   • Programa de Integração Social (PIS)

2. Goods:

   • Contribuição para o Funcionamento da Seguridade Social (COFINS)
   • Contribuição sobre Bens e Serviços (CBS)
   • Fundo de Combate à Pobreza (FCP)
   • Imposto sobre Bens e Serviços (IBS)
   • Imposto sobre a Circulação de Mercadorias e Serviços (ICMS)
   • Imposto sobre Produtos Industrializados (IPI)
   • Programa de Integração Social (PIS)

Predefined Tax Rules

Additionally, the SuiteApp offers a set of predefined tax determination rules tailored for specific taxation scenarios in Brazil. These rules come in the form of CSV files that can be imported into your NetSuite account, allowing for a customizable approach to tax determinations based on unique business needs. Users are encouraged to use the provided files as templates to create their own rules based on specific conditions.

Getting Started with SuiteTax Latam Engine

To effectively utilize the SuiteTax Latam Engine - Brazil Records, ensure to review the following topics:

• Installation of SuiteTax Latam Engine - Brazil Records SuiteApp.
• Roles and permissions specific to this SuiteApp, ensuring that the necessary roles in your organization have access to the required custom records.
• Setup for tax codes and tax types that are essential for Brazilian requirements.
• Configuration details including CFOP codes tailored for Brazil and how to add specific service codes.
• Best practices for creating tax determination rules and understanding the limitations that may arise.

Important: Administrators are granted full permissions for the custom records associated with the SuiteTax Latam Engine. If other roles need different levels of access, it is vital to adjust these permissions accordingly, especially for roles that need to edit subsidiary records.

Who This Affects

The implementation of SuiteTax Latam Engine - Brazil Records mostly impacts the following roles:

• Administrators
• Accountants
• Tax Compliance Officers
• ERP Implementers

Version History

• 2026.1: The SuiteTax Latam Engine - Brazil Records SuiteApp helps you comply with tax determination requirements from Brazil. It includes predefined plug-ins and records required to calculate essential taxes for both services and goods. The SuiteApp also includes a set of predefined tax determination rules for specific taxation scenarios. Additionally, documentation is available in Brazilian Portuguese (Português do Brasil) to assist local users effectively. Users can utilize CSV files to configure custom tax determination rules according to their specific business needs.

Key Takeaways

• The SuiteTax Latam Engine - Brazil Records SuiteApp enhances compliance with Brazilian tax laws.
• It includes predefined plugins for essential taxes on both goods and services.
• Users can utilize CSV files to configure custom tax determination rules according to their specific business needs.
• Permissions management is crucial for accessing custom records; ensure the right roles have the necessary access levels.
• Familiarize yourself with installation and setup topics to maximize the benefits of this SuiteApp.