Oracle NetSuite Tax Compliance for Costa Rica

LatamReady SuiteApp

NetSuite Costa Rica SuiteApps

LatamReady Standard Edition

LatamReady Tax Compliance SuiteApp

LatamReady SuiteApp Costa Rica - Standard Edition

  • 1.Local legally required information (NITE, DIMEX)
  • 2.Local transaction types and information required to generate electronic documents required by DGT (Costa Rican Tax Agency)
  • 3.A basic localizations solution includes:
  • a.Configuration:
  • i.Taxes configuration
  • ii.Withholding Taxes configuration
  • b.Legal Reports:
  • 1.Diario
  • 2.Mayor
  • 3.Inventario y Balances set of reports. Including 3 reports:
  • a.Balance de Comprobación
  • b.Balance General
  • c.Estado de Ganancias/Pérdidas
  • LatamReady SuiteApp Costa Rica - Advanced Features

    Electronic Invoicing

    Via COMFIAR Costa Rica (NetSuite e-Invoicing module is required). COMFIAR Costa Rica is the e-Invoicing local supplier directly connected to NetSuite. Includes five (4) e-documents:

  • a.Factura Electrónica
  • b.Tiquete Electrónico
  • c.Nota de Crédito Electrónica
  • d.Nota de Débito Electrónica
  • Considerations

    Chart of Accounts:

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

  • Legal Ledgers:

  • a.Most 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:

  • 1.In Latin America, the legally required type of costing is Average Costing
  • 2.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.