Oracle NetSuite Tax Compliance for Peru

LatamReady SuiteApp

LatamReady SuiteApp is the only Native Tax Compliance solution available at that supports the whole Latin American Region.

LatamReady supports +150 Customers, including the biggest Oracle NetSuite clients who have implemented in Latin America.

Tax Determination & Tax Information Reporting Features

For Peru

Fully supporting NetSuite's Multi-Booking feature, our solution for Peruvian Legal Reporting includes the following ledgers:

  • 1.Registro de Compras: Nacionales y No Domiciliados
  • 2.Registro de Ventas
  • 3.Diario (TXT format)
  • 4.Mayor ( TXT format)
  • 5.Libro de Caja y Bancos (TXT format)
  • a.Caja y Bancos - Cuenta Corriente
  • b.Caja y Banco - Efectivo
  • 6.Inventory Kardex
  • 7.PDT 601
  • 8.PDT 621
  • 9.Libro de Retenciones Sunat
  • 10.Archivo de Detracciones Mensual Sunat

  • Plus! A set of Reports/Audit Reports/Searches/Alerts developed by LatamReady

    LatamReady SuiteApp includes a set of non-legal reports that our Local Users find useful to review/validate legal reports information as a previous task before sending/uploading the information to the local Tax Authority.

    Tax Rules and Tax Calculation Features

    For Peru

    Tax Calculation

    LatamTax, LatamReady’s Tax Engine developed inside of NetSuite and designed exclusively for Latin America, takes care of the complexity of local Withholding Taxes in Sales and Purchases.

    LatamTax pre-configured set of taxes includes:

  • 1.Withholding Taxes
  • 2.Detracciones
  • Withholding Tax Certificates Formats

    LatamTax produces the required format for Withholding Tax Certificates that are required by Suppliers.

    Local Tax ID Validation

    No more local Tax IDs incorrectly registered! LatamReady includes the local validation algorithm required to verify that!


    LatamReady supports the local practice of exchanging Customer’s Invoices for Letras.

    Localized Expense Report

    Expenses (E.g. meals, travels, petty cash, etc.) are required to be included in Legal ledgers. It is possible now with LatamReady !

    Electronic Invoicing Features

    For Peru

    Directly from inside of NetSuite

    LatamReady offers a complete solution for Electronic Documents in Peru working natively inside of NetSuite.

    No need for managing an additional local service, we do it for you!

    The local e-documents supported are:

  • 1.Factura
  • 2.Boleta
  • 3.Nota de Crédito
  • 4.Nota de Débito
  • 5.Guia de Remisión
  • Does your subsidiary issue hundreds or thousands of e-Documents? Ask for our advanced solutions for bulk processing e-Documents!

    Electronic Payments Features

    For Peru

    LatamReady supports massive Bill payments for the following local Banks:

  • 1.BCP
  • 2.BBVA Continental
  • 3.Scotiabank (v.2019.2)
  • 4.Interbank (v.2019.2)

  • Customer Care Support

    For Peru, 18+ Latin American Countries

    Always Up to Date!

    Our service includes 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 keeps running compliant.

    Included in your annual subscription, you will also receive 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

    For Peru, 18+ Latin American Countries

    Training on Demand

    LatamDojo, our E-learning platform, includes thousands of training videos explaining how to be and remain complaint in Latin America with Oracle NetSuite and LatamReady!

    LatamReady Pricing List

    For Peru, 18+ Latin American Countries

    Choose your Edition and start working with NetSuite all across Latin America!


  • 1.Chart of Accounts:
  • a.Chart of Accounts is statutory in Peru
  • b.LatamReady requires transactions to be performed using local statutory COA and map local COA to corporate COA using NetSuite Multi-Booking feature (implementation / configuration are not included)
  • 2.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.
  • 3.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
  • 4.Double accounting in Peru: by Nature and by Function:
  • a.Double accounting for the same posting  is not supported by NetSuite
  • b.IMPORTANT: Double accounting is not legally required
  • c.LatamReady suggest to exclusively perform accounting posting by Nature (Class 6 expense accounts)
  • d.Information by Function could be worked by NetSuite segmentation (departments, classes) and via custom reports (not included)
  • 5.Double Exchange Rate (Sales and Purchase Exchange Rates):
  • a.NetSuite supports one single Exchange Rate to be used as automatic suggestion for registering a new transaction in a foreign currency
  • b.LatamReady suggests to register Sales Exchange Rate
  • c.For Purchasing and Bank transactions: the user, with the correct role, will be able to edit/change the exchange rate for each transaction and manually update the suggested Exchange Rate to the Purchase Exchange Rate

  • 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.