Overview of Withholding Tax Certificate for Thailand

Withholding Tax Certificate is a report that a company issues to its suppliers as evidence that the tax was withheld from payments made to them.

Following are the key fields that you must enter in Accounts Payable (AP) invoices and payments:

• Withholding tax rate connected to PND Type Tax Reporting Type Code (ORA_TH_PND_TYPE) value and apply to AP invoice lines.

• Product Category connected to Revenue Type Tax Reporting Type Code (ORA_TH_REVENUE_TYPE) value and apply to AP invoice lines.

• Payment Condition in Payment header (Regional Information > Payments for Thailand).

Note: If you set the payment condition in the supplier profile, you don't need to enter this information on payment transactions.

Following are the tasks that you need to perform to generate Withholding Tax Certificate for Thailand:

• Generate Withholding Tax sequence number rule against the payment made.

• Print the Withholding Tax Certificate as required.

By enabling this new feature, a user can provide the Withholding Tax Certificate Number to the supplier while making the payment.