PrintThai Local Solutions
mcframe GA (A.S.I.A.) caters for the Thai local requirements that are mandatory when you do businesses in Thailand.
As an example, these are the handlings of local taxes and BOI requirements in A.S.I.A. GP.
【"A.S.I.A." is now called "mcframe GA".】
Thai Local Taxes
In terms of WHT(Withholding Tax) and VAT(Value Added Tax), adjusting entry can be made at the settlement. It is possible to post WHT at the settlement and to finalize VAT at the settlement. Furthermore, A.S.I.A. GP has some file formats for the tax declarations.
BOI
Foreign companies can get some benefits (e.g. Corporate tax exemption for a period) by applying to BOI (The Board of Invenstment of Thailand). For the projects approved by BOI, it is required to create financial statements individually for each project. A.S.I.A. GP has a function to create financial statements by departments, and financial statements by BOI-approved projects can be created using this function.
