Thailand

Thailand is now available as a country in LN. Various Thai requirements are supported.

Master data

These features are supported:

  • Parameters for Thailand, such as Branch Code, Branch Name (establishment code and name), and Withholding Certificate Series.
  • Session for Income Types for Withholding Reporting, in which a relationship between the tax position and type of income can be specified. The type of income determines the print position in the withholding tax certificate.

Country specific reporting

With the report designer, you can personalize these reports to fit your business or local regulatory requirements:

  • Tax Invoice
  • Credit Note
  • Debit Note
  • Sales Tax Report
  • Purchase Tax Report

Withholding Tax (WHT) certificate

These features are supported:

  • Printing of WHT certificates per payment document per payment advice batch, with the amounts grouped based on income types. Certificates differ for individual and corporate tax, for example, PND3 and PND53.
  • Generation of monthly and yearly WHT reports.
  • Withholding certificate PND54 to print withholding tax profit remittances. This report handles the reporting of WHT payments related to section 70 and section 70 BIS of the Thai tax department.

Free trade zone - inventory movement tracking

Goods that move in and out of a free trade zone (FTZ) can be recorded with a reference to the import bill of entry.

The Import Reference Number and Date fields have been added to warehouse receipts, inventory adjustment, and cycle counting sessions. The import entry bill and date can be specified in these sessions. Additionally, in the shipment session, the shipping bill number and date can now be specified.

When a receipt transaction takes place, receipt details are recorded against the import reference number in the new Import Reference Receipts table for Thailand. When a shipment takes place, shipment details are recorded against the export reference number in the Consumptions table. Based on the setup in the Thai parameters, the consumed quantity from receipts is reduced either on a FIFO or LIFO basis.