Netstock vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Netstock is a powerful inventory management tool with built-in AI functionality that integrates seamlessly with NetSuite to give you complete visibility and control. It improves forecasting accuracy, classifies items for smarter planning, and delivers daily, actionable recommendations to optimize stock levels, prevent stockouts, reduce excess, and free up working capital. This turns complex data into clear, strategic decisions faster and with less effort.

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.