The Staria Estonian Localization SuiteApp extends NetSuite functionalities to help users meet the local requirements.
Estonian VAT Report
Entities registered in Estonia are required to submit a VAT return in order to report the taxable transactions. The return must be submitted to the tax authority on the 20th day of the month following the tax period.
The Staria Estonia Localization SuiteApp includes a VAT report generating tool. This allows users to generate the VAT report and export it in XML format. The XML file that is generated complies with the file structure as defined by the tax authority. The XML file includes both the KMD form and KMD INF A and INF B.
Foreign Exchange Rate Integration with European Central Bank (ECB)
Generally, foreign currency transactions in Estonia should be valued at the exchange rates provided by the European Central Bank (ECB).
The Staria Estonia Localization SuiteApp includes integration with ECB which can retrieve available exchange rates on-demand or via a schedule. This feature updates the standard Currency Exchange List in NetSuite with the exchange rates coming from ECB on the configured currencies.
Localized Invoice and Credit Memo PDF Templates
The Staria Estonia Localization SuiteApp includes advanced PDF templates for the following transaction types in NetSuite:
These templates display the relevant information. The templates are available in both Estonian and English language based on the preferred language per customer record.
Further customizations on these templates generally are out-of-scope of the standard package.
Automatic Selection of EU Tax Code
This feature allows automatic selection of EU tax codes in sales transactions as defined in the item records.
Financial Statement Layouts Template
The Staria Estonian Localization SuiteApp includes the following Financial Statement Layouts which can be used as a template:
Income Statement (based on scheme 1)
Full Balance Sheet
Short Balance Sheet
Chart of accounts will be mapped during the implementation process.