NetSuite Paraguay SuiteApp

LatamReady Standard Edition

LatamReady Tax Compliance SuiteApp

LatamReady SuiteApp Paraguay - Standard Edition


  • 1.Local legally required information (NIT, Tipo de persona)
  • 2.Local transaction types and information required to produce legal ledgers required by local Tax Agency
  • 3.Withholding Taxes Engine using LatamReady WHT engine includes:
  • 1. WHT Receipts. Is applied only on accrual
  • 2.WHT on  Payments
  • 4.Five (5)  reports to be presented to local Tax Agency:
  • i.Libro de Compras IVA (CSV format)
  • ii.Libro de Ventas IVA (CSV format)
  • iii.Libro Diario (Excel format)
  • iv.Libro Mayor (Excel format)
  • v.Inventario General (Excel format)
  • 5.PDF legal format to be printed using a pre-printed paper (following LatamReady’s pre-printed paper format):
  • a.Invoice
  • b.Self-Invoice (Autofactura)
  • c.Waybill
  • Considerations:


    Chart of Accounts:

  • a.Paraguay Government does not require the use of a Statutory Chart of Accounts
  • b.If the Customer decides to use a Paraguay 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.
  • 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.