Thailand Help Topics

Overview
General Setup
Accounting
Order Management
Recommended SuiteApps

Overview

The following Help topics provide information about NetSuite features that are specific to Thailand business setting and requirements only. General NetSuite features are covered in other chapters and topics.

The NetSuite International edition can be configured to enable the following features and reports for companies doing business in Thailand.

General Setup

Functional Area	Feature	Description
Required Setup	Setting up Thailand-specific Features and Preferences	Enable features and preferences specific to Thailand business setting.
Choosing a Language for Your NetSuite User Interface	You can enable multiple languages in NetSuite. Set up English (International) for the user interface and Help Center. Or you can enable Simplified and Traditional Chinese in the user interface. Trading documents can be configured to comply with local requirements and issued in partner’s language.
Configuring Company Information Setting Personal Preferences	Support for your preferred number, date, address, phone, and currency formats as well as time zone

Functional Area

Feature

Description

Required Setup

Setting up Thailand-specific Features and Preferences

Enable features and preferences specific to Thailand business setting.

Choosing a Language for Your NetSuite User Interface

You can enable multiple languages in NetSuite. Set up English (International) for the user interface and Help Center. Or you can enable Simplified and Traditional Chinese in the user interface. Trading documents can be configured to comply with local requirements and issued in partner’s language.

Configuring Company Information

Setting Personal Preferences

Support for your preferred number, date, address, phone, and currency formats as well as time zone

Accounting

Functional Area	Feature	Description
Banking	Supported File Formats for Default Parsers	NetSuite International Edition supports multiple formats for bank account statements. You can import bank account statements to use in bank reconciliation.
	Bank Statement Parsers SuiteApp	NetSuite provides standard parser plug-ins such as MT940 that can read bank statement files for use in bank reconciliation.
	Auto Bank Statement Import SuiteApp	The Auto Bank Statement Import (ABSI) SuiteApp enables you to automatically import bank statement files into NetSuite daily. The SuiteApp uses a Financial Institution Connectivity Plug-in to securely connect to your financial institution’s server through SFTP (Secure File Transfer Protocol) connectivity.
Taxation (Legacy)	Thailand Tax Topics Thailand VAT Return Form P.P.30	NetSuite provides the capability to calculation Value Added Tax in Thailand Pre-configured VAT tax codes and tax rates Automatic calculation of VAT in transactions Pro-forma VAT Return (P.P.30) that can be used as basis for filing to the Thai Revenue Department.
Supplemental VAT Reports for Thailand	Supplemental sales and purchase reports already formatted to match the local formats used for Thai businesses
VAT Reporting by Location	If you are using the Locations feature in NetSuite, you can generate the Thailand VAT Return Form P.P.30 for each location. You would use this VAT reporting by location feature if you are using Location records in NetSuite to represent VAT reporting entities.

Functional Area

Feature

Description

Banking

Supported File Formats for Default Parsers

NetSuite International Edition supports multiple formats for bank account statements. You can import bank account statements to use in bank reconciliation.

Bank Statement Parsers SuiteApp

NetSuite provides standard parser plug-ins such as MT940 that can read bank statement files for use in bank reconciliation.

Auto Bank Statement Import SuiteApp

The Auto Bank Statement Import (ABSI) SuiteApp enables you to automatically import bank statement files into NetSuite daily. The SuiteApp uses a Financial Institution Connectivity Plug-in to securely connect to your financial institution’s server through SFTP (Secure File Transfer Protocol) connectivity.

Taxation (Legacy)

Thailand Tax Topics

Thailand VAT Return Form P.P.30

NetSuite provides the capability to calculation Value Added Tax in Thailand

Pre-configured VAT tax codes and tax rates
Automatic calculation of VAT in transactions

Pro-forma VAT Return (P.P.30) that can be used as basis for filing to the Thai Revenue Department.

Supplemental VAT Reports for Thailand

Supplemental sales and purchase reports already formatted to match the local formats used for Thai businesses

VAT Reporting by Location

If you are using the Locations feature in NetSuite, you can generate the Thailand VAT Return Form P.P.30 for each location. You would use this VAT reporting by location feature if you are using Location records in NetSuite to represent VAT reporting entities.

Order Management

Functional Area	Feature	Description
Invoicing	Thailand Tax Invoice and Credit Memo Templates	Customizable templates for tax invoice and credit memo that comply with Thai Revenue Department requirements and meet local business practices.
Branch ID Field	The Branch ID field in customer and vendor records and in transaction records can be used to enter the branch code assigned by the Thai Revenue Department.
Transaction Amount in Words Field	The Transaction Amount in Words field that is added to sale transaction records can be used to enter the word representation of the amount.

Functional Area

Feature

Description

Invoicing

Thailand Tax Invoice and Credit Memo Templates

Customizable templates for tax invoice and credit memo that comply with Thai Revenue Department requirements and meet local business practices.

Branch ID Field

The Branch ID field in customer and vendor records and in transaction records can be used to enter the branch code assigned by the Thai Revenue Department.

Transaction Amount in Words Field

The Transaction Amount in Words field that is added to sale transaction records can be used to enter the word representation of the amount.

Recommended SuiteApps

Functional Area	Feature	Description
SuiteApps	International Tax Reports	Supports VAT and GST reporting and online filing for more than 42 countries across Europe, Asia, and Latin America, all generated in the local format for ease and accuracy of submission. Includes EU Sales List reports, Intrastat reports, sales and purchase reports by tax code, and pre-configured tax codes when a new nexus is created.
Southeast Asia Localization	Provides invoicing features for Malaysia, Singapore and Thailand that meet the minimum regulatory requirements and local business expectations. The SuiteApp includes templates that you can use to print and issue tax invoices and credit memos or notes to customers in Malaysia, Singapore and Thailand. The SuiteApp also comes with electronic bank payment file formats for Singapore and Malaysia.

Functional Area

Feature

Description

SuiteApps

International Tax Reports

Supports VAT and GST reporting and online filing for more than 42 countries across Europe, Asia, and Latin America, all generated in the local format for ease and accuracy of submission. Includes EU Sales List reports, Intrastat reports, sales and purchase reports by tax code, and pre-configured tax codes when a new nexus is created.

Southeast Asia Localization

Provides invoicing features for Malaysia, Singapore and Thailand that meet the minimum regulatory requirements and local business expectations. The SuiteApp includes templates that you can use to print and issue tax invoices and credit memos or notes to customers in Malaysia, Singapore and Thailand. The SuiteApp also comes with electronic bank payment file formats for Singapore and Malaysia.

General Notices