NetSuite Argentina SuiteApp

LatamReady Standard Edition

LatamReady Tax Compliance SuiteApp

About Argentinian Tax Compliance

from LatamReady

LatamReady SuiteApp Argentina Standard Edition

  • 1.CUIT (Tax ID) validation in Customers and Suppliers registers using Verified digit.
  • 2.Local transaction types and information required to produce legal ledgers required by AFIP (Argentinian Tax Agency)
  • 3.Four legal ledgers:
  • 1.IVA de Compras (csv, TXT format available on 2018.1)
  • 2.IVA de Ventas  (csv, TXT format available on 2018.1)
  • 3.Libro Diario (csv)
  • 4.Libro de Inventario y Balance (Annual)
  • 5.Retenciones SIAP (TXT format available on 2018.1)
  • 4.Withholding Taxes management applied to Sales IVA (VAT) and Purchases IVA and “Honorarios” (a Type of Bill used when the Supplier is a person and not a company)
  • 5.Withholding Tax Certificates on Vendor Payments
  • 6.Automatization for Perceptions on Sales Invoices
  • 7.Upload of Perception and withholding records (ARBA/AGIP  txt files where all CUITs are shown indicating its corresponding current perception and withholding percentages in a period)
  • LatamReady SuiteApp Argentina - Advanced Features

    (Each feature subscription is offered separately)

    Electronic Invoicing

    Via COMFIAR Argentina (NetSuite e-Invoicing module is required). COMFIAR Argentina is the e-Invoicing local supplier directly connected to NetSuite via LatamReady SuiteApp.

    Includes 3 types of e-documents:

  • a.Invoice (Sub-Types: A, B and Foreign Customers: E)
  • b.Credit memo (Sub-Types: A, B)
  • c.Debit memo (Sub-Types: A, B)
  • d.Printed Waybills format is supported (Remito)

  • Electronic Payments

    NetSuite Electronic Payments + LatamReady combined solution supports the following bank payment files:

  • 1.HSBC (v. 2019.1)
  • 2.Santander (v. 2019.1)
  • 3.BBVA Frances (v. 2019.1)

  • SmartStart!

    Argentina by LatamReady: Set of 5 Reports/Audit Reports/Searches/Alerts developed by LatamReady

  • i.Is a set of non-legal reports
  • ii.This set of reports has been developed to be used to analyze, review and validate the information to be sent to AFIP (Argentinian Tax Agency)
  • Considerations:

    Chart of Accounts:

  • a.Argentinian Government does not require the use of a Statutory Chart of Accounts
  • b.If the Customer decides to use an Argentina specific COA (instead of the Corporate COA): LatamReady requires the use of NetSuite Multi-Booking feature

  • Legal ledgers:

  • a.Most of the Latin American countries are in transition to exclusively require electronic versions of legal ledgers. In some countries, companies are still able to choose between the use of electronic or printed version of legal ledgers
  • b.LatamReady legal ledgers are exclusively offered following the electronic version (fields, columns and order)
  • c.Electronic version of legal ledgers can be downloaded in CSV format
  • d.Printed version of legal ledgers are not included
  • e.LatamReady includes “Accounting Book” filter in Legal Ledgers, for Multi-Booking implementation.

  • Average Costing

  • a.In Latin America, the legally required type of costing is Average Costing
  • b.Latin American subsidiaries configured in NetSuite are required to transact using Average Costing

  • Safe Harbor Statement

    All forward-looking statements (future LatamReady SuiteApp releases) are intended to outline our general product direction. They are intended for information purposes only, and are not incorporated as part of our contracts. It is not a commitment to deliver any  feature or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for LatamReady’s products remains at the sole discretion of LatamReady.