How to create a tax agency in the NetSuite Legacy Tax Adapter for GTD

You can use tax agencies to funnel tax amounts to specific bank accounts in NetSuite.

Any vendor set up in NetSuite can be a tax agency. Every nexus should have its own tax agency.

To create a tax agency, follow these steps:

1. Go to Lists > Relationships > Vendors.
   
   
   
   
2. Click New Vendor.
   
   
   
   
3. In the Information tab, enter the following information:
   • Company Name: Enter the name of the tax agency.
   • Category: Select Tax agency from the dropdown menu.
   • Subsidiary: (OneWorld accounts only) Select a subsidiary from the dropdown menu.
   
   
   
   
4. Click Save.