While Setting up Taxes in NetSuite under Setup -> Accounting -> “Setup Taxes”, you might encounter errors informing you about missing Default Tax Codes. This is a nightmare to debug if you have 252 Tax Nexuses. The main culprits who tend to have the Default Tax Code missing are.
- Gibraltar
- British Indian Ocean Territory
- United States
- Canada
Also For United States you may have to set “PRINT/EMAIL TAX LABEL FORMAT” to “{label} ({item} {rate})”