Tekiio Localization Bundle for LATAM | Uruguay vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

At Tekiio, we offer 8 localization bundles in Latin America: Argentina, Chile, Ecuador, Guatemala, Mexico, Panama, Paraguay and Uruguay; allowing companies to comply with the tax requirements of the countries where they operate. In addition, we operate with additional plugins to the standard NetSuite localization for Brazil and Colombia. The location of Uruguay allows compliance with tax requirements by incorporating tax information management functionalities for suppliers and customers, automatic calculation of VAT / IREA / IRNR / IRPF withholdings on purchases, electronic invoicing and management of tax reports. En Tekiio, contamos con 8 localizaciones en Latinoamérica: Argentina, Chile, Ecuador, Guatemala, México, Panamá, Paraguay y Uruguay; permitiendo a las empresas cumplir con los requisitos fiscales de los países donde operan. Además, operamos con complementos adicionales a la localización estandar de NetSuite para Brasil y Colombia. La localización de Uruguay permite el cumplimiento de los requerimientos fiscales incorporando las funcionalidades de administración de información fiscal en proveedores y clientes, cálculo automático de retenciones de IVA / IREA / IRNR / IRPF en compras, facturación electrónica y gestión de reportes fiscales.

The EU E-Commerce VAT package came into force 1st July 2021. The rules require an expanded number of businesses to account for local VAT in the countries where they make B2C sales. Sovos offers a comprehensive Managed Service covering all relevant schemes: Union OSS, non-Union OSS and IOSS. This includes acting as Intermediary if required, easing the burden of the EU E-Commerce VAT Package and helping you to understand the right solution for your business. Extend your global reach without fear of noncompliance by leveraging our Built for NetSuite integration.