Which feature under the "Tax" subtab helps businesses in Europe manage taxes?

The EU One Stop Shop (OSS) is designed to simplify value-added tax (VAT) processes for businesses operating across multiple EU countries. This feature allows businesses to register for VAT in a single EU member state and manage their tax obligations for all EU countries, making compliance more efficient and reducing administrative burdens. The OSS streamlines VAT reporting and payment, allowing businesses to file a single VAT return for all eligible sales to EU consumers, which is particularly beneficial for eCommerce businesses that sell across borders.

By utilizing the EU One Stop Shop feature, businesses can ensure they remain compliant with EU tax regulations while minimizing the complexity associated with handling taxes in different jurisdictions. This aligns perfectly with the requirements for managing taxes effectively within the European market, thus making it the correct choice in understanding how NetSuite supports tax management for European businesses.