LatamReady utilizes the local unit of account, “Unidad de Fomento”, for transactions.
LatamTax, LatamReady’s Tax Engine developed inside of NetSuite and designed exclusively for Latin America, takes care of the complexity of local Withholding Taxes in Sales and Purchases.
LatamReady allows you to register transactions with VAT No Creditable (IVA No Recuperable)
We work in an integrated way with the tax agencies of each country we serve; in Chile, we work with SII.
LatamTax produces the required format for withholding tax certificates that are required by suppliers.
No more local tax IDs incorrectly registered! LatamReady includes the local validation algorithm required to verify local tax IDs.
LatamReady supports the local authority’s requirement for every journal post to be numbered following statutory criteria.
LatamReady supports the local practice of exchanging customers' invoices for Letras de Cambio.
LatamReady adapts to the local rules. For example, including information such as QBLI, Servicio de impuesto SII, informaccion complementar de QBLI, in the transactions inside NetSuite (Factura Ventas, Nota de Credito y Debito, Guia, Boleta, Factura de Exportación).