Square Payment Plugin vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

The Square Payment Plugin for NetSuite makes it easy to accept payments across invoices, online, and in person—all in one place. Let customers pay their way with cards, digital wallets, ACH (via Square Invoices), buy-now-pay-later (Afterpay) and Square Gift Cards, while payments sync to the originating NetSuite objects, so finance teams save time, reduce errors, and speed up reconciliation. The Square Payment Plugin delivers true omnichannel payments (in-person + web + invoices), PCI DSS Level 1 compliance, immediate funds availability with Square Checking, and expert-guided implementation at no cost. Square is part of Block Inc., a trusted FinTech platform (NYSE: XYZ) and as of July 2025, a member of the S&P 500 Index.

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.