Layer 1

Oracle NetSuite
Tax Compliance for Colombia

The LatamReady SuiteApp extends the power of Oracle NetSuite Cloud ERP to enable international corporations to achieve full tax compliance in Latin America.

An innovative Built-for-NetSuite solution, the LatamReady SuiteApp natively supports Tax & Accounting Compliance, Tax Reporting, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Colombia!​

​Find more details and customer reviews at www.SuiteApp.com

About LatamReady





Tax Determination &
​Tax Information Reporting Features for Colombia

The LatamReady SuiteApp is always up to date with all monthly and annual tax reporting forms, making it easy for companies to comply with local tax reporting requirements in Colombia.

Plus! A set of Reports/Audit Reports/Searches/Alerts developed by LatamReady

The LatamReady SuiteApp includes a set of non-legal reports that our local users can utilize to review and validate legal reporting information as a previous task before sending/uploading the information to the local tax authority.

See Colombia Ledgers

The LatamReady SuiteApp fully supports NetSuite's multi-booking feature and includes the following ledgers for legal reporting in Colombia:

  • 1.Monthly legal ledgers (CSV format):
  • c a. Libro Diario

    b. Libro de Inventario y Balance

    c. Libro Mayor y Balance

    d. Balance de Terceros

  • 2.Annual Electronic Accounting ledgers:
  • i. Form 1001 Cuenta de pagos o créditos y retenciones

    ii. Form 1003 Retenciones en la fuente que le practicaron

    iii. Form 1005 Impuesto a las ventas por pagar (Descontable)

    iv. Form 1006 Impuesto a las ventas por pagar (Generado)

    v. Form 1007 Ingresos Recibidos

    vi. Form 1008 Saldo de cuentas por cobrar

    vii. Form 1009 Saldo de cuentas por pagar

    viii. Form 1012 Información de declaraciones tributarias, acciones, inversiones en bonos títulos valores y cuentas de ahorro y cuentas corrientes.

  • 3.Medios Magnéticos Bogotá (2020.1)
  • Learn more about legal ledgers with NetSuite in Colombia!


    Tax Rules & ​Tax Calculation
    Features for Colombia

    Tax Calculation 

    LatamTax, LatamReady’s Tax Engine developed inside of Oracle NetSuite and designed exclusively for Latin America, takes care of the complexity of local withholding taxes in sales and purchases.

    Tax Agencies

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

    Withholding Tax Certificates Formats

    LatamTax produces the required format for Withholding Tax Certificates that are required by Suppliers

    Local Tax ID Validation

    No more local Tax IDs incorrectly registered! 
    LatamReady includes the local validation algorithm required to verify that!


    See Tax Calculation Details

    LatamTax pre-configured set of taxes includes:

  • 1.ICA
  • 2.IVA
  • 3.Renta
  • 4.Autoretención
  • Learn more about Withholding Taxes with NetSuite in Colombia!


    Electronic Invoicing
    Features for Colombia

    Send E-Invoices Directly from Inside of NetSuite

    LatamReady offers a complete solution within NetSuite for electronic documents in Colombia.

    Easily manage E-invoices, Credit & Debit memos, Waybills, and more! With the LatamReady SuiteApp, international corporations can issue E-invoices from inside of NetSuite and generate pixel-perfect electronic documents with a simple click of a button.

    LatamReady SuiteApp users can now utilize the massive billing feature with automatic configuration for NON-electronic documents.

    Does your subsidiary issue hundreds or thousands of E-documents? Ask for our advanced solutions for bulk processing E-documents!

    See E-Document Samples

    Supported E-Documents Include:

    1.Factura

    2.Nota de Crédito

    3.Nota de Débito

    4.Factura de Exportaciones

    5.Nota de Crédito de Exportación

    6.Nota de Débito de Exportación

    7.Documento Equivalente (2020.2)


    Learn more about E-Invoicing with NetSuite in Colombia!


    Electronic Payments
    Features for Colombia

    LatamReady Supports Massive Bill Payments

    Via NetSuite's Electronic Payments SuiteApp, LatamReady enables companies to make massive electronic payments that follow the specific local formats required in Colombia.​

    LatamReady works with the following local banks in Colombia:

  • Davivienda
  • Bancolombia
  • BBVA Colombia
  • Santander
  • Copatria
  • ITAU
  • Learn more about E-Payments with NetSuite in Colombia!


    NetSuite Editions:
    OneWorld & Midmarket Edition / Legacy & SuiteTax Instances

    The LatamReady SuiteApp fully supports all NetSuite's editions in Colombia! Unlock opportunities for your growing company by extending the power of NetSuite with our innovative tax compliance solution.

    Customer Care Support
    For Colombia, 18+ Latin America Countries

    Always Up to Date!

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

    Tax rules in Colombia 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 always remains compliant.

    Included in your annual subscription is 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

    NetSuite 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

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


    Customer Reviews



    ​Read more customer reviews at www.SuiteApp.com

    Schedule a Call with a
    NetSuite Expert!
    ⬇⬇⬇

    Safe Harbor Statement

    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.

    Colombia Is Ready. Are You?