Withholding Tax Returns for Domestic Companies (SAP Library

Withholding Tax Returns for Domestic Companies

Use

The Revenue Department requires you to file up to three withholding tax returns at the end of each month, Phaw Ngaw Daw 2, 3, and 53. The returns show how much tax you have withheld from your vendors.

You can use Country Version Thailand to print out these returns.

Activities

To prepare the withholding tax returns, execute the Generic Withholding Tax Reporting program using the standard variant SAP&TH_WTH_REP. This standard variant prints out the tax returns on the Smart Form supplied with Country Version Thailand, IDWTREPT_TH_1.

When you run the program in update mode, the program displays a dialog box, where you can enter the details of the tax that you want to remit to the Revenue Department (see Remitting Withholding Tax). If you do not want to remit the tax at this moment, choose This graphic is explained in the accompanying text .

The system automatically prints the returns in the approved format: Your own company's details appear in the header. Below that is a list of all of the business transactions that you have withheld tax on. For each transaction, the return shows:

The sequential number that the system assigned to the accounting document when you created the withholding tax certificates for the vendor

The vendor's name, address, and tax details

The payment date

The income type and tax rate

The payment amount and the tax amount

The paid condition