Shearwater Asia Localization for South Korea vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

The Shearwater Asia Localization SuiteApp for South Korea allows for seamless integration with the Korea National Tax System, which is mandatory for operating an accounting system in South Korea. It generates the upload files in the NTS format for invoices, and provides a tool to upload and match bills in NetSuite with the bills in the NTS system.

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.