Tax Thailand infotype (0364) 

Definition

The infotype stores an employee’s tax related information.

Use

The Tax Thailand infotype (0364) is used to create data related to the employee’s Personal Income Tax. The details include the employee-specific allowances used during payroll to reduce the employee’s taxable income and the details used in the generation of Tax reports.

Structure

Use this infotype to maintain the following tax details of an employee:

·        Tax Identification Number of the employee.

·        Family Information

In this infotype you can select whether the employee is claiming allowances such as a Spouse Allowance, Child Allowance or a Child education allowance. If the spouse is claiming half of the child allowance, you that the option of specifying the same.

·        Allowances

In this infotype, you can maintain information such as the:

¡        Housing allowance or the hire purchase amount, which is the money spent by an employee towards purchasing a house or piece of land by hire purchase

¡        Annual life insurance premium of the employee

¡        Annual life insurance premium of the spouse

¡        Mortgage interest claimed by the employee

¡        Donations made to charity organizations, which the revenue department allows for tax allowance claims.

¡        Investments in Pension fund, which are exempt from tax calculations subject to maximum statutory limits.

¡        Parental contribution amounts (mother and father) for tax allowance. These are exempt from tax calculations, subject to maximum statutory limits.

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