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Product Update 403: VAT reporting functionality introduced (Thai legislation)

Value-Added Tax (VAT) is a consumption tax and is payable by the consumer at every stage of production. This includes the stages from raw material to end products. VAT is calculated based on the increased value that is added to the product. This tax is measured based on the difference between the price of the consumer product before taxes and its production cost. In this product update, the VAT reporting functionality has been enhanced.

Menu path

  • A new menu path, Finance à VAT/Statistics à VAT reports, has been introduced. Once clicked, a VAT reports screen is displayed.
  • When Purchase is selected at Layout, the purchase VAT report is generated. If Sales is selected at Layout, the sales VAT report is generated. Click the Start button to display the relevant report based on your selection.

Purchase VAT crystal report

  • The purchase tax report will display VAT information for purchase invoice and purchase credit note transactions.
  • The purchase tax report is grouped per tax code and is sorted by date or reporting date.
  • The layout for sales tax report is the same as the purchase tax report except that the supplier’s name column will be displayed as the customer’s name column.
  • The sales tax report will display the VAT information for sales invoice and sales credit note transactions.

     
 Main Category: Support Product Know How  Document Type: Release notes detail
 Category: Release Notes  Security  level: All - 0
 Sub category: Details  Document ID: 22.671.266
 Assortment:  Date: 09-05-2017
 Release: 403  Attachment:
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