Tekiio Localization - Argentina (SuiteTax) vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Tekiio's Argentina Localization product has been developed using NetSuite's tax, transaction and record bases, adding new tax calculation and reporting functionalities to enhance the use of NetSuite in Argentina through SuiteTax's tax engine. The SuiteTax Argentina Localization allows users to issue electronic invoices by connecting with AFIP, obtain tax reports, generate the mandatory TXT file, automatically calculate IIBB earnings and manage tax reports. El producto de Localización de Argentina de Tekiio se encuentra desarrollado utilizando las bases de registros, transacciones e impuestos de NetSuite, incluyendo nuevas funcionalidades de cálculos de impuestos y reportes para potenciar la utilización de NetSuite en Argentina mediante el motor de impuestos de SuiteTax. La localización Argentina SuiteTax permite a los usuarios emitir facturas electrónicas conectándose con AFIP, obtener informes fiscales, generar el archivo TXT obligatorio, calcular automáticamente percepciones de IIBB y gestionar 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.