ONESOURCE Indirect Tax Determination for NetSuite by Thomson Reuters

Global industry standard for sales tax, use tax, VAT and GST

ONESOURCE Indirect Tax Determination extends Oracle NetSuite functionality to handle the complexity of global transaction sales and use taxes (SUT)  — we manage all of your tax needs for the US, Canada, and additionally any regions around the world.

Key Benefits

ONESOURCE Indirect Tax Determination integration for Oracle NetSuite makes it easy to stay on top of constantly changing indirect tax rates and determine your company’s liability for sales tax, use tax, GST, VAT, excise tax, and other country-specific taxes regardless of your corporation’s size or geographic reach. Better manage tax liability through our seamless integration with your existing sales and purchase process.

• Seamless pre-built integration with Oracle NetSuite to support end-to-end tax determination & compliance.
• Central repository for global tax rates and rules covering 205 countries and territories in 56k jurisdictions across the globe.
• Only all-in-one solution with native cloud capabilities that automate new tax rate and rules with no down-time updates; achieve up to 95% reduction in coding requirements due to tax changes.
• Easily apply your tax policy consistently across your business & collaborate across regions with our cloud-native solution.
• Reduces time for manual and redundant indirect tax and compliance processes by 50%.
• Substantial reduction in manual effort and errors with a sharp increase in efficiency amounting to Indirect tax automation of 90 to 95%.
• Trusted reporting you need to reduce risk & ensure that your sales tax calculations are accurate.
• Better Manage Tax Liability

Customer Quote

“ When it comes to the sale of software, every single state charges a slightly different rate based on product classification. And software isn’t always taxable, so it gives us peace of mind that ONESOURCE is automatically tracking and applying evolving rates and rules so our customers are being charged correctly.” — Chris Donnelly, Senior Accountant, Bluebeam

Better Manage Tax Liability

ONESOURCE Indirect Tax Determination handles everything from tax calculation and certificate management to reporting and filing returns. From reverse charges and tax only credit memos to recoverability and partial recoverability, ONESOURCE Indirect Tax Determination Integration for NetSuite delivers real-time tax decisions at the point of transaction, directly to your existing Oracle NetSuite platform.