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Oracle NetSuite
​​Tax Compliance for Panama

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 Panama!​

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

About LatamReady





LatamReady SuiteApp
​Panama

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 Panama.

LatamReady SuiteApp Panama - Standard Edition


  • 1.Local transaction types and information required to produce legal ledgers required by local Tax Agency
  • 2.Five (5)  reports to be presented to local Tax Agency:
  • i.Libro de Ventas (CSV format)
  • ii.Libro de Compras (CSV format)
  • iii.Libro Diario (Excel  format)
  • iv.Libro Mayor (Excel format)
  • v.Libro de Inventarios (Excel format)
  • 3.Legal/Fiscal Printer integration via Webservices


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

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


    Customer Care Support
    ​​For Panama, 18+ Latin American Countries

    Always Up to Date!

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

    Tax rules in Panama 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.Panama Government does not require the use of a Statutory Chart of Accounts
  • b.If the Customer decides to use a Panama  specific COA (instead of the Corporate COA): LatamReady requires the use of NetSuite Multi-Booking feature

    • Legal ledgers:

  • a.Most of 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 (v.2019.1)

    • Average Costing:

  • 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

    • Safe Harbor

    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.

    Panama Is Ready. Are You?