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Thai New Features in Release 11

Value Added Tax

Enhancements to the Thailand Value Added Tax accounting and reporting processes. This includes the following:

tha90000.gif Reporting requirements with regards to payments, VAT Tax invoices, and VAT reports for submission to the tax authorities. These VAT reports are based on separate tax reporting entities (if any) within the company.

- VAT input tax summary report for any period for submission to Thai tax authorities.

- Report on which VAT taxable standard invoices are missing their corresponding tax invoice information.

- Report on payments to vendors which have been delivered on a certain day.

tha90000.gif For reporting stock card information (Inventory) for submission to the Thai tax authority, we support the following requirement:

- Item wise cost analysis on beginning and ending periods.