Global Payroll for Thailand Business Processes

PeopleSoft Global Payroll for Thailand supports these business processes:

• Tax Allowance Declaration.

  Global Payroll for Thailand provides pages to set up and maintain the following tax allowances for tax calculation:

  • Provident Fund Allowance.

  • Expense Allowance.

  • Personal Allowance.

  • Spouse Allowance.

  • Child Allowance.

  • Child Education Allowance.

  • Parent Allowance.

  • Personal Life Insurance Allowance.

  • Spouse Life Insurance Allowance.

  • Provident Fund.

  • Mutual Fund.

  • Long Term Equity Fund.

  • Social Security Fund.

  • Mortgage Interest Allowance.

  • Education Donation Allowance.

  • Donation.

  • Sport Donation.

  • Parent Health Insurance.

  • Tax Exemption for Employees over 65 Years Old.

• Processing Tax Calculation.

  Global Payroll for Thailand provides payroll rules and elements to support the following tax calculation functionality:

  • Calculation for income under both section 40(1) and section 40(2).

  • Tax calculation and payroll run for the period types of monthly, semi-monthly, and weekly.

  • Tax calculation using the Accumulative Calculation Method (ACM) and the Calculate in Advance Method (CAM).

  • Withholding, gross up all cycle, and gross up one cycle tax calculation methods are supported for the payroll period types of monthly, semi-monthly, and weekly.

  • Segmentation and retroactive processing for tax calculation.

• Terminations.

  PeopleSoft Global Payroll for Thailand supports withholding, gross up all, and gross up one tax methods for terminations.

• Termination Income Processing.

  PeopleSoft Global Payroll for Thailand processes the following termination incomes:

  • Government Pension.

  • Provident Fund/Government Pension Fund.

  • Severance Pay.

  • One Time Payment.

• Terminated Payees Processing.

  PeopleSoft Global Payroll for Thailand provides features to process the following types of terminated payees:

  • Terminated payees with a length of service (LOS) equal to or greater than five years.

  • Terminated payees with a LOS less than five years.

• Payslips Processing.

  The payslip feature of PeopleSoft Global Payroll for Thailand enables you to create and control payslips through payslip setup pages so that they display the data that you want. You can override parts of payslip templates at lower levels, so you do not have to create multiple templates to cover every payslip scenario.

  PeopleSoft Global Payroll for Thailand enables users to view payslips online using the ePay Self-Service Payslip feature provided by PeopleSoft Global Payroll.

• Payroll Reporting.

  In addition to the reports delivered with Global Payroll, Global Payroll for Thailand comes with a set of data media files and reports to support business requirements.

  Reports included in Global Payroll for Thailand are:

  • Payroll Results Register report.

  • Payroll Reconciliation report.

  • Income Tax Form 1.

  • Income Tax Form 1A.

  • Income Tax Form 1A Special.

  • A Certificate of Tax Deduction under Section 50 Bis of Revenue Code Form.

  • Personal Income Tax Form 91.

  • Attachment of Personal Income Tax Form 91 in case of Termination.

  • Allowances Declaration Form (Lor Yor 01).

  • Parent Allowance Certificate (Lor Yor 03).

  • Social Security Form 1-10.

  • Social Security Form 1-10/1.

  • Social Security Form 1-03/1.

  • Social Security Form 1–03.

  • Social Security Form 6-09.

  • Social Security Form 6–10

  • Workmen Compensation Report.

  • NPD 90 report.

  • Privilege Form.

  • Tax Log report.

  • Termination Tax Log report.

  The Data Media Files included in Global Payroll for Thailand are: ITF1, ITF 1A, SSO 1-03, and SSO 6–10.

• Electronic Bank Transfers

  Global Payroll for Thailand provides formats and elements to support Electronic Funds Transfer (EFT) files for transferring funds to employee bank accounts.

• Tax Log Processing.

  The Tax Log is used to give the user a review for detailed tax calculation steps when it is necessary. A Tax Log records the main process for tax calculation so that the user can easily track the tax calculation.

• Off-Cycle Processing.

  PeopleSoft Global Payroll for Thailand provides an off-cycle payroll run and off-cycle tax calculation process for unscheduled payments that do not fall within the normal payroll run.

  For example, a bonus is paid on the 15th of this month while the normal payroll run is made at the end of each month.

• Retroactive Processing.

  Retroactivity is the process of going back in time and recalculating prior calendars due to changes that were made after the original calculation was run. Global Payroll provides two methods of processing retroactivity: Corrective and Forwarding retro. Global Payroll for Thailand only supports Forwarding retro.

• Segmentation Processing.

  In Global Payroll for Thailand, the following events trigger period segmentation:

  • Hire.

  • Rehire.

  • Termination.

  • Terminated with Pay.

  The compensation changes trigger element segmentation for basic salary.

• Pay Group Security.

  By using PeopleSoft HCM core row level security, Global Payroll for Thailand delivers a security access type, GPTH Pay Group Security. End users can use the delivered security access type to define data security. All reports and pages also follow the PeopleSoft HCM core row level security standard, so any security access type can be used to limit the data printed in the reports, or displayed on pages.