Taxes (FI-AP/AR) (SAP Library

Taxes (FI-AP/AR)

Purpose

The Taxes (FI-AR) component covers the most important laws and business practices specific to Thailand. The following documentation describes these aspects of the component. For generic information about Taxes, see Taxes (FI-AP/AR).

Features

Country-Specific Functions

Country Version Thailand allows you to.

Automatically calculate value-added tax (VAT) and withholding taxes according to Thai requirements
Create tax invoices for your customers and record those sent to you by your vendors
Handle deferred taxes
File VAT returns and withholding tax returns
Create withholding tax certificates for vendors

Country Template

The country template for Thailand comes with sample settings for calculating and posting taxes.