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Oracle NetSuite
Tax Compliance for Costa Rica

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 Costa Rica!

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

About LatamReady





LatamReady SuiteApp Costa Rica
Standard Features

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 Costa Rica.

See Features

  • 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
  • 4.The LatamReady SuiteApp also has an automatic exchange type for CR transactions.
  • LatamReady SuiteApp Costa Rica
    Tax Agency

    Tax Agencies

    We work in an integrated way with the tax agencies of each country we serve; in Costa Rica, we work with Ministerio de Hacienda.

    Electronic Invoicing
    Features ​for Costa Rica

    Send E-Invoices Directly from Inside of NetSuite

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

    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.

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

    See E-Invoicing Features

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

    Electronic tickets can be created within NetSuite for non-domiciled customers.


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

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

    Customer Care Support
    For Costa Rica, 18+ Latin American Countries

    Always Up to Date!

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

    Tax rules in Costa Rica 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!
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    Considerations

    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

    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.

    Costa Rica Is Ready. Are You?