Tax Compliance for Brazil
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 Brazil!
Find more details and customer reviews at www.SuiteApp.com
Tax Determination &
Tax Information Reporting Features for Brazil
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 Brazil.
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.
100% compatible, the LatamReady SuiteApp is now ready to run permanently together with the NetSuite SuiteTax feature!
See Brazil Ledgers
The LatamReady SuiteApp fully supports NetSuite's multi-booking feature and includes the following ledgers for legal reporting in Brazil:
Learn more about legal ledgers with NetSuite in Brazil!
Tax Rules & 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).
Local 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:
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).
See Tax Calculation Details
LatamTax + Systax pre-configured set of taxes includes:
Features for Brazil
Send E-Invoices Directly from Inside of NetSuite
LatamReady offers a complete solution within NetSuite for electronic documents in Brazil.
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!
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). Our solution has the capacity to process up to 10,000 E-documents with the required formats for the following local banks:
In addition, it is also now possible to use the massive billing feature with automatic configuration for NON-electronic documents.
For billing, it is possible to make remittances abroad with NetSuite and all the calculations and rules necessary for the operation.
For importation, the LatamReady SuiteApp has updates for the payment of purchase taxes.
See More E-Document Features
LatamReady's pre-configured set of E-Documents includes:
Download E-Document Samples
Learn more about E-Invoicing with NetSuite in Brazil!
Features for Brazil
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 Brazil.
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 local Brazilian banks:
Learn more about E-Documents with NetSuite in Brazil!
NetSuite Editions: OneWorld & Midmarket Edition / Legacy & SuiteTax Instances
The LatamReady SuiteApp fully supports all NetSuite's editions in Brazil! Unlock opportunities for your growing company by extending the power of NetSuite with our innovative tax compliance solution.
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 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.
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!
Read more customer reviews at www.SuiteApp.com
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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.
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.
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.
Brazil Is Ready. Are You?