Configure Revenue Type

You can configure multiple revenue types for the Withholding Tax Certificate for Thailand. The main revenue types are as follows:

• 1- Salary, wage, pension, under Section 40(1)

• 2- Commissions, under Section 4(2)

• 3- Royalties, under Section 40 (3)

• 4 a- Interests, under Section 40(4)(a)

• 4 b- Dividend, share of profit, under Section 40(4)(b)

• 5- Payment of income subject to withholding tax according to Revenue Department's instructions issued under Section 3

• 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:

1. Select an implementation project.

2. In the Task Lists and Tasks section, go to Financials > Define Common Financials Configuration > Define Tax Configuration > Manage Product-Based Fiscal Classifications.

3. On the Manage Product Based-Fiscal Classifications page, select Product Category Fiscal Classification Codes from the Search For drop-down list.

4. In the Product Category Fiscal Classification Codes section, click Create Level 1 Node.

5. In the Create Fiscal Classification Code dialog box, enter the required value in the Code field.

6. Enter the required value in the Name field.

7. Select Thailand as the value for the Country field.

8. Enter value in the Effective Start Date field.

9. Click Save and Close.

10. Click Create Child Node in the Product Category Fiscal Classification Codes section.

11. In the Create Fiscal Classification Code dialog box, enter the required values in the Code and Name fields.

12. Click the plus (+) icon in the Associated Tax Reporting Codes section.

13. Select ORA_TH_REVENUE_TYPE as the value for the Tax Reporting Type Code field.

14. Select the appropriate value for the Tax Reporting Code field from the list.

15. Click Save and Close.