Oracle NetSuite Tax Compliance for Brazil

LatamReady SuiteApp

LatamReady SuiteApp is the only Native Tax Compliance solution available at that supports the whole Latin American Region.

LatamReady supports 150+ Customers, including the biggest Oracle NetSuite clients who have implemented in Latin America.

Tax Determination & Tax Information Reporting Features

For Brazil

Fully supporting NetSuite Multi-Booking feature, our solution for Brazilian Legal Reporting includes the following ledgers:

  • 1.EFD Contribuições (TXT format)
  • a.PIS COFINS Apropriação Direta -> "No Cumulativa" (Services)
  • b.PIS COFINS Rateio Receita Bruta "No Cumulativa" (Services)
  • c.PIS COFINS including Withholding Taxes "No Cumulativa" & "Cumulativa" (Services)
  • d.PIS COFINS not including   Withholiding Taxes "No Cumulativa" & "Cumulativa" (Services)
  • e.PIS COFINS with Exempt Invoices "Cumulativo"
  • f.PIS COFINS with Exempt Invoices  "No Cumulativo"
  • g.PIS COFINS Apropriação Direta -> "No Cumulativa" (Inventory Items) (2020.1)
  • h.PIS COFINS Rateio Receita Bruta "No Cumulativa" (Inventory Items) (2020.1)
  • i.PIS COFINS including Withholding Taxes "No Cumulativa" & "Cumulativa" (Inventory Items) (2020.1)
  • j.PIS COFINS not including   Withholiding Taxes "No Cumulativa" & "Cumulativa" (Inventory Items) (2020.1)
  • k.Block A Exempt
  • l.Including the lines: 0110, A100, C100, C500, D010 F100, F500, F550, F600, M100/M500, 1100/1500
  • 2.EFD Fiscal
  • a.ICMS / IPI  "Cumulativo"
  • b.ICMS / IPI "No Cumulativo"
  • c.Shipping for Purchases
  • d.Shipping for Sales
  • e.Return of Purchasing Danfe
  • f.Voucher Report for D100
  • 3.DCTF - Declaração de Débitos e Créditos Tributários Federais
  • a."No Cumulativa"(Services)
  • b."Cumulativa" (Services)
  • c."No Cumulativa" (Inventory Items) 
  • d.DCTF Audit 
  • e.DCTF Web (2020.2)
  • f.CIDE Calculation (With IOF)
  • g.Opening of the validation of the Revenue Journal - Invoice
  • 4.SPED Reinf Including the R1000, R2010, R2020, R2060 e R2090 blocks
  • 5.SPED ECD (TXT format) (2020.1)  
  • a.G - Diário Geral
  • b.R - Diário com Escrituração Resumida
  • c.A - Diário Auxiliar
  • d.Z - Razão Auxiliar
  • e.B - Livro de Balancetes Diários e Balanços
  • 6.SPED ECF and ECD Annual Reports (TXT format) (2020.2)
  • 7.DIRF (TXT format)
  • 8.GIA Including the CR01, CR05, CR07, CR10, CR14, CR20, CR30 blocks (Sao Paulo y Rio)
  • a.GIA ST
  • b.GIA SP – Guia de informações da apuração do ICMS  (2020.1)
  • c.GIA SP Filial - Guia de informações da apuração do ICMS  (2020.1)
  • d.DANFE Return
  • e.Purchase and Sale Shipping Consideration
  • 9.Siscoserv
  • 10.Exit Books
  • 11.Entrance Books
  • 12.ICMS Calculation Book
  • 13.SINTEGRA (MG)
  • 14.DES (MG)
  • 15.DIMOB
  • Plus! A set of Reports/Audit Reports/Searches/Alerts developed by LatamReady

    LatamReady SuiteApp includes a set of non-legal reports that our Local Users find useful to review/validate legal reports information as a previous task before sending/uploading the information to the local Tax Authority.

    Tax Rules and Tax Calculation Features

    For Brazil

    Local Exchange Rate Directly Inside of NetSuite (Add-On)

    LatamReady offers a direct connection to the local National Bank (BCB) to automatically pull the daily exchange rate (USD Dollars / Local Currency).

    Tax Agencies

    We work in an integrated way with the tax agencies of each country we serve; in Brazil, we work with Fazenda.

    Tax Calculation (Inventory Transactions) (Add-On)

    Sales Taxes in Brazil are calculated inside of NetSuite via a blended solution that combines NetSuite localization tools, LatamTax (LatamReady Tax Engine developed inside of NetSuite and designed exclusively for Latin America) and Systax (a leading solution for Tax Calculation in Brazil specialized in Inventory Taxes).

    From a user perspective, everything happens inside of NetSuite. LatamTax calculates local taxes and/or establishes a secure web service connection to Systax to pull the correct set of Brazilian taxes on sales transactions (Inventory Items).

    LatamTax + Systax pre-configured set of taxes includes:

  • 1.PIS (Contribuição para os Programas de Integração Social / Program of Social Integration)
  • 2.COFINS (Contribuição Social para o Financiamento da Seguridade Social / Contribution of the Finances for Social Security)
  • 3.CSLL (Contribuição Social sobre o Lucro Líquido / Social Contribution on Net Profits)
  • 4.ISS (Imposto sobre Serviços / Brazilian Tax on Services)
  • 5.IRPJ (Imposto de Renda de Pessoa Jurídica)
  • 6.FUST (Fundo de Universalização dos Serviços de Telecomunicações)
  • 7.FUNTEL (Fundo para o Desenvolvimento Tecnológico das Telecomunicações)
  • 8.IPI (Imposto sobre Produtos Industrializados)
  • 9.ICMS (Imposto sobre Operações Relativas à Circulação de Mercadorias e Serviços de Transporte Interestadual e Intermunicipal e de Comunicações)
  • 10.Substituição Tributária (Inventory Items)
  • 11.ICMS ST (Inventory Items)
  • 12.IOF
  • 13.CIDE
  • 14.DIFAL
  • 15.Import withholdings
  • 16.Calculation of taxes on debit notes with interest and fines
  • 17.Mass Payments
  • 18.Advance payments
  • 19.Tax Substitution
  • 20.Tax Reduction

  • Electronic Invoicing Features

    For Brazil

    Directly from inside of NetSuite

    LatamReady offers a complete solution for Electronic Documents in Brazil working natively inside of NetSuite. No need for managing an additional local service, we do it for you!.

    LatamReady pre-configured set of e-Documents includes:

  • 1.NFS-e: e-Invoice for Service Items (Sao Paulo, Rio and San Bernardo municipalities) including Cancelamento process.
  • 2.NF-e: e-Invoice for Inventory Items (Nationwide) including Cancelamento process.
  • 3.NF-e: Sales
  • 4.NF-e: Correction
  • 5.NF-e: Shipping
  • 6.NF-e: Transfer
  • 7.NF-e: Import
  • 8.NF-e: DIFAL e FCP
  • 9.NF-e: Devolution of goods
  • 10.NF-e: Return of goods
  • 11.Nota Fiscal de Devolução: e-Invoice for Inventory Items (Nationwide) (v.2020.1)
  • 12.NF-e Complementar: e-Invoice for Inventory Items (Nationwide) to add information in original NF-e (v.2020.1)
  • 13.CC-e Carta de Correcao Electrònica: e-invoicing for Service and Inventory Items (Nationwide) (v.2020.1)
  • 14.DANFE Importaçoes: e-Invoice for import goods - purchase process (Nationwide) (v.2020.1)
  • 15.DANFE Transferência de depósito: e-Invoice for transfers between warehouses (Nationwide) (v.2020.2)
  • 16.Shipment Cancellation
  • 17.Return DANFE
  • 18.NF-e:CTE
  • 19.Remessa ao exterior
  • Does your subsidiary issue hundreds or thousands of e-Documents? Ask for our advanced solutions for bulk processing e-Documents!

    LatamReady complements e-Documents with the ability to produce Boleto Bancãrio (a PDF document that Brazilian Customers expect to receive for paying an Invoice and collection files to be sent /received to/from the Bank) with the required formats for the following local Banks:

  • 1.Bank of America (Brazilian branch)
  • 2.Itaú (v.2020.2 )
  • 3.Bradesco (v.2020.2)
  • 4.Santander (v.2020.2)
  • 5.Banco do Brasil
  • 6.Banco Citibank

  • Electronic Payment Features

    For Brazil

    LatamReady supports massive Bill payments for the following Local Banks

    We support payments with tax withholdings, interest and fines, as well as payments by transfers and “Boleto Bancário” with the control of the files of remittance and return to these banks:

  • 1.Bank of America (Brazilian branch)
  • 2.Itau (It is possible to use the PIX key)
  • 3.Bradesco
  • 4.Santander
  • 5.JP Morgan
  • 6.City Bank

  • Customer Care Support

    For Brazil, 18+ Latin American Countries

    Always Up to Date!

    Our service includes unlimited legal updates for 18+ Latin American Countries.

    Brazilian and Latin American Tax Rules are continuously changing and evolving.

    LatamReady, combining local tax advisory in each country and the biggest NetSuite software factory in the Region, will ensure that your subsidiary keeps running compliant.

    Included in your annual subscription, you will also receive Unlimited Customer Care support in 3 languages: English, Portuguese and Spanish.

    Additionally, LatamReady releases 2 official versions per year, always Built-For-NetSuite certified by Oracle.

    LatamDojo e-Learning Platform

    For Brazil, 18+ Latin American Countries

    Training on Demand

    LatamDojo, our E-Learning Platform, includes thousands of training videos explaining how to be and remain compliant in Latin America with Oracle NetSuite and LatamReady!

    LatamReady Pricing List

    For Brazil, 18+ Latin American Countries

    Choose your Edition and start working with NetSuite all across Latin America!


    1.Chart of Accounts:

    a.Chart of Accounts is not statutory in Mexico

    b.NetSuite Mexico SuiteApps includes a mapping tool to link Customer’s accounts to Mexican legal classification of accounts

    c.If the Customer decides to use a COA exclusively for Mexico: NetSuite Multi-Booking feature is required.

    2.Custom Segments (NetSuite Feature): not supported by all LatamReady Advanced Features.

    3.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

    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.