Why You Need NetSuite Romania VAT Localization bundle
Reports for the National Revenue Agency (ANAF) – D300, D394 and D390 in xml format.
Purchase and Sales Ledger Reports – for internal and external audits and reconciliations.
Multi-book Oracle NetSuite feature is supported by the bundle, VAT can be reported from primary or non-primary book.
Automatic classification of transaction records.
The localization package supports unlimited numbers of VAT scenarios – intracommunity acquisitions and sales, reverse charge purchases, partial tax credits, reduced rates purchase and sales, etc.
Integration to the National Bank of Romania
for daily FX rates of the RON towards currencies published by BNR and used within the Oracle NetSuite system of the customer.