What goes into each box -Thailand VAT report
Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.
The following table shows how NetSuite uses the tax codes to get the values for the Value Added Tax Return for Thailand.
|
Box |
Tax Codes |
Transactions |
Amount |
|
|---|---|---|---|---|
|
O |
|
|||
|
1 |
Sales amount this month |
S, Z, EX |
Sales |
Net amount |
|
2 |
Less sales subject to 0% tax rate |
Z |
Sales |
Net amount |
|
3 |
Less exempted sales |
EX |
Sales |
Net amount |
|
4 |
Taxable sales amount |
|
Sales |
Box 1 -Box 2 -Box 3 |
|
5 |
This month's output tax |
S |
Sales |
Tax amount |
|
Input tax |
||||
|
6 |
Purchase amount that is entitled to deduction of input tax from output tax in this month's tax computation |
S |
Purchases |
Net amount |
|
7 |
This month's input tax |
S |
Purchases |
Tax amount |
|
Value added tax |
||||
|
8 |
This month's tax payable |
|
|
If Box 5 is greater than or equal to Box 7, then Box 8 =Box 5 -Box 7. Otherwise, Box 8 is blank. |
|
9 |
This month's excess tax payable |
|
|
If Box 5 is less than Box 7, then Box 9 =Box 7 -Box 5. Otherwise, Box 9 is blank. |
|
10 |
Excess tax payment carried forward from last month |
|
|
Editable field |
|
Net tax |
||||
|
11 |
Net tax payable |
|
|
If Box 8 is greater than or equal to Box 10, then Box 11 =Box 8 -Box 10. Otherwise, Box 11 is blank. |
|
12 |
Net excess tax payable |
|
|
If Box 8 is less than Box 10, then Box 12 =Box 10 -Box 8. Otherwise, Box 12 is blank. |
|
13 |
Surcharge |
|
|
Editable field |
|
14 |
Penalty |
|
|
Editable field |
|
15 |
Total tax payable: tax, surcharge, and penalty |
|
|
If Box 11 has a value, then Box 15 =Box 11 +Box 13 +Box 14. If Box 12 has a value, and the sum of Box 13 +Box 14 is greater than or equal to Box 12, then Box 15 =Box 13 +Box 14 -Box 12. Otherwise, Box 15 is blank. |
|
16 |
Total excess tax payable after computation of surcharge and penalty |
|
|
If Box 11 has a value, then Box 16 is blank. If Box 12 has a value, and Box 13 +Box 14 is less than Box 12, then Box 16 =Box 12 -Box 13 -Box 14. Otherwise, Box 16 is blank. |