Cybersource - A Visa Solution - for NetSuite vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

NetSuite and Cybersource have partnered for over a decade to bring leading class capabilities to businesses around the world. Now with Cybersource’s new SuiteApp for NetSuite SuitePayments, there are even more options to securely grow, scale, and streamline your business for whatever vertical or territory you operate in. Cybersource simplifies payment management for NetSuite merchants by providing a complete portfolio of services that power your daily payment operations: domestic and international acceptance, fraud management, recurring billing, reconciliation, and acquiring merchant account services. The integration between NetSuite and Cybersource’s platforms ensure the two systems are synchronized and that your information is available wherever you need it.

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.