Exact Globe+

Sample process - Assessments for invoices, tax certificates, reports, and validations

Process - Assessment for invoices

At the Withholding tax assessment page, the amount applicable for withholding tax excludes VAT (and other taxes).
Amount for withholding tax assessment = 1000
Tax codes/Percentage: WH1 = 10%; WH2 = 5%

Note: Boxes highlighted in white can be edited by users.

Upon processing the withholding tax assessment, the following entry and terms are created:

At the Our ref field on the Assessment for invoices page, the purchase invoice number is used.
The system will use the W-term for the withholding tax entry and the original W-term invoice will split the tax term automatically.
The split term is then matched to the withholding tax term, which is called the S-term generated by the system.

The user makes a payment (excluding the withholding tax amount) and matches it to the purchase invoice:

Indicator	Description
A	General journal number.
B	General journal abbreviation/entry number.
C	Company name.
D	Company address.
E	Company tax number.
F	Supplier’s name.
G	Supplier’s address.
H	Supplier’s tax number. · If the supplier is a business entity, the tax number starts with “3” and is 10 digits long. · If the supplier is an individual, the tax number does not start with “3” and is more than 10 digits long.
I	Tax reporting indicator, marked with “X”. · If the supplier is a business entity, P.N.D.53 is selected. · If the supplier is an individual, P.N.D.3 is selected.

Indicator	Description
A	Payment date of the invoice term.
B	The base amount used to calculate withholding tax for the respective lines are displayed in the relevant lines. This depends on the tax boxes linked to the tax codes.
C	The withholding tax amounts for the respective lines are displayed in the relevant lines. This depends on the tax boxes linked to the tax codes.
Total basis	Sum of all the base amounts in the column.
Total tax	Sum of all the tax amounts in the column.
Total in words	The total amount in words is displayed in the Thai language, similar to layouts.

Indicator	Description
A	Personal identification number. · Left blank, as Exact customers are generally not individuals.
B	Taxpayer identification number, for example, Company data settings “VAT number”.
C	Branch number, for example, Company code.
D	Supplier’s tax number, if individual. · If the supplier is an individual, the tax number does not start with “3” and is more than 10 digits long.
E	Supplier’s tax number, if business entity. · Left blank, as this report is for individuals.
F	Supplier’s name.
G	Supplier’s address. · No., Lane, Road, Sub district, District, Province.
H	Payment date.
I	· Type of income, for example, tax sub-type. · Description of the tax code is defined by the user.
J	Tax rate in %.
K	Withholding tax basis.
L	Withholding tax amount.
M	Always filled in with “1”.

Indicator	Description
A	Taxpayer identification number, for example, Company data settings “VAT number”.
B	Branch number, for example, Company code.
C	Supplier’s tax number, if business entity. · If the supplier is a business entity, the tax number starts with “3” and is 10 digits long.
D	Supplier’s name.
E	Supplier’s address. · No., Lane, Road, Sub district, District, Province.
F	Payment date.
G	· Type of income, for example, tax sub-type. · Description of the tax code is defined by the user.
H	Tax rate in %.
I	Withholding tax basis.
J	Withholding tax amount.
K	Always filled in with “1”.

You can remove the matching of the withholding tax term with a purchase invoice term, which will automatically void the withholding tax term and withholding tax entry lines.
The split invoice term can be manually matched back to the original invoice line and you can reassess the withholding tax for the purchase invoice.
Invoice terms which have been assessed with withholding tax cannot be compressed with other terms.
If you want to compress the terms, this should be done before the withholding tax assessment. Otherwise, the assessment amount cannot be linked to the invoice term. The following scenarios depict terms that can or cannot be compressed: