Setting China VAT Taxpayer Types
This feature requires the China Localization SuiteApp
The following topics describe China VAT Taxpayer Type features.
Overview
NetSuite uses the VAT Taxpayer Type field to decide the VAT Invoice Type when creating transactions. This field is saved in the entity record.
There are two VAT Taxpayer Types:
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General Taxpayers – These entities issue both Special VAT Invoices and Common VAT Invoices. By default, NetSuite China Localization selects Special VAT Invoice when transacting the General Taxpayer type.
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Small-scale Taxpayers – These entities issue Common VAT Invoices.
NetSuite automatically tags your VAT Invoices for printing in the Golden Tax System, but you can select the VAT Invoice Type manually when creating a transaction to override this. For more information about VAT Invoices, see Generating China VAT Invoices . For more information about integrating with the Golden Tax System, see Importing VAT Transactions from the China Golden Tax System.
Set China VAT Taxpayer Type
Setting China VAT Taxpayer Type in Leads, Prospects, or Customer Entity Records
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Open the entity record to edit.
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For leads, go to Lists > Relationships > Leads.
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For prospects, go to Lists > Relationships > Prospects.
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For customers, go to Lists > Relationships > Customers.
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Look for the record to edit.
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Click Edit.
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On the China VAT subtab, select a taxpayer type from the China VAT Taxpayer Type dropdown.
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Click Save.
Related Topics
- China Terminology
- Setting Up China Localization
- Known Limitations of NetSuite China Localization
- Using Chinese Accounting Periods
- Setting up China Cash Flow Item for Chart of Accounts
- Setting Up China Cash Flow Item for Inventory Items
- Setting the China Max VAT Invoice Amount
- Setting Up China Item Models for Inventory Items
- Setting Up China Bank Account Name
- Setting China VAT Taxpayer Types
- Customizing Creator, Poster, and Approver in China Voucher Printing Report