How to set up tax-inclusive pricing in NetSuite SuiteTax

Tax-inclusive pricing is currently an add-on feature. If you would like to use this feature, contact your NetSuite account manager.

Setting up tax-inclusive pricing                

1. Go to Setup > Company > Enable Features.
2. In the Tax sub-tab, select Tax Inclusive Pricing.
3. Click Save.
   
       

Using tax-inclusive pricing

1. Go to Customization > Lists, Records, & Fields > Record Types.
2. Find the Sovos Configuration Record row and click List.
   
   
   
   
3. Click Edit in the Sovos Configuration row.
4. Go to the Sovos Tax Configuration sub-tab and select Sovos Enable Tax Calc Type 4.
5. Click Save.
   
   
   
   
6. In the transaction, go to the Items sub-tab and select Prices Include Tax.