VAT and Withholding Tax Localization for Thailand


Thai Localization that ensure you can leverage Dynamics 365 Business Central on the Thailand market.

Thailand Tax Regulation and Requirements: Corporations doing business in Thailand must comply with country-specific laws, regulations and common business practices to handle their daily business transactions and other needs for running their business operations.

VAT (Value Added Tax):

In Thailand VAT is realized at different times depending on the type of item/service. When VAT is realized a Tax Invoice must be printed. For Goods, VAT is realized at the time of Delivered or Received Goods. For Services VAT is realized at the time of Payment or Receipt. The application handles the realization of VAT and associated printing of the Tax Invoices and VAT reports.

Withholding Tax:

Functionality has been created to handle Withholding Tax in Thailand. Tax is withheld on certain services at different percentages as specified by the tax authorities. Vendor and G/L Accounts can all be setup so as have WHT applied to them.

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Supported editions:

This app supports both the Essential and Premium editions of Microsoft Dynamics 365 Business Central.

Supported Country:

This app is available in Thailand.

Supported Languages:

The app is available in English

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