Configure Revenue Type
You can configure multiple revenue types for the Withholding Tax Certificate for Thailand. The main revenue types are as follows:
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1- Salary, wage, pension, under Section 40(1)
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2- Commissions, under Section 4(2)
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3- Royalties, under Section 40 (3)
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4 a- Interests, under Section 40(4)(a)
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4 b- Dividend, share of profit, under Section 40(4)(b)
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5- Payment of income subject to withholding tax according to Revenue Department's instructions issued under Section 3
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6- Others
To configure revenue types for the Withholding Tax Report for Thailand, navigate to the Setup and Maintenance work area and perform the following steps:
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Select an implementation project.
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In the Task Lists and Tasks section, go to Financials > Define Common Financials Configuration > Define Tax Configuration > Manage Product-Based Fiscal Classifications.
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On the Manage Product Based-Fiscal Classifications page, select Product Category Fiscal Classification Codes from the Search For drop-down list.
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In the Product Category Fiscal Classification Codes section, click Create Level 1 Node.
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In the Create Fiscal Classification Code dialog box, enter the required value in the Code field.
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Enter the required value in the Name field.
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Select Thailand as the value for the Country field.
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Enter value in the Effective Start Date field.
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Click Save and Close.
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Click Create Child Node in the Product Category Fiscal Classification Codes section.
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In the Create Fiscal Classification Code dialog box, enter the required values in the Code and Name fields.
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Click the plus (+) icon in the Associated Tax Reporting Codes section.
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Select ORA_TH_REVENUE_TYPE as the value for the Tax Reporting Type Code field.
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Select the appropriate value for the Tax Reporting Code field from the list.
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Click Save and Close.