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BTS One Bulgaria VAT Localization for NetSuite

Status: Unverified

Bulgaria Localization bundle developed by BTS One allows the NetSuite customers with Bulgaria-based subsidiaries to create reports intended for the Bulgaria Revenue Agency directly from NetSuite. The bundle supports the following reports: Monthly VAT and VIES declarations, Purchase and Sales ledger reports – in the required file format, protocol numbering sequences and PDF outputs, multi-book compliant.

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Description

Creation of VAT Reports for Bulgaria-based Subsidiary

If you are running a Bulgaria-based business in NetSuite, you will need to report to the Bulgarian Revenue Agency  for your VAT-related transactions. This SuiteApp covers the obligatory VAT reports for Bulgaria.

Key Benefits

The bundle allows NetSuite users with Bulgaria-based subsidiaries to create reports intended for the Bulgaria Revenue Agency  directly from the system. The bundle supports the following reports: Monthly VAT and VIES declarations, Purchase and Sales ledger reports – in the required file format, protocol numbering sequences and PDF outputs. The bundle is Multi-book compliant

Built for NetSuite

No connectors, no integrations – everything is built within NetSuite and works with NetSuite’s records directly. The reports can be run multiple/unlimited number of times, directly from NetSuite

FEATURES

Reports for National Revenue Agency – VAT and VIES, Purchase and Sales Reporting

VAT Return, VIES report, Purchase and Sales ledger reports - in txt format for all Bulgaria-based subsidiaries that can be submitted to the tax authorities directly.

Automatic Classification of Transaction Records

The solution automatically maintains the transaction records in order to classify them correctly for their representation in any of the VAT reports.

Automatic Assignment of Protocol Numbering Series, PDF Outputs

The solution allows maintaining a protocol numbering series for transactions with reverse charge tax codes or for other scenarios that require protocol issuance – in bulk or on a 'case by case' basis; PDF outputs for the protocols issued for the Reverse charge basis.