Accounting Services in Thailand

The accounting period in Thailand is 12 months. Once the accounting period ends and the books are closed, the company has 150 days to submit a full set of audit documents, including:

• Corporate Income Tax Form/PND 50
• Balance Sheet
• Profit and Loss Statement
• Statement of Changes in Shareholders’ Equity
• List of Shareholders/BorOrJor5
• Transfer Pricing Disclosure
• Form/TPDF (if required)
• Other relevant audit documents required by the Tax Department and the Business Development Department/DBD
  
  

Steps for preparing and submitting an annual audit:

1. We will provide the client with a price quotation for the service and await confirmation.
2. We will issue an invoice and await confirmation of payment from the client.
3. The client must confirm their availability throughout the process, as prompt communication is key to successful completion of the work.
4. The client must provide and send all necessary documents and information requested by us for the preparation and completion of the financial report.
5. Once the draft annual audit report has been approved by the client, we submit it to the independent auditor (this usually takes a few weeks). Once the audit is complete, the independent auditor signs off on the report and sends it back.
6. The final audited financial statements and filing forms (SBC 3 and PND 50) must be reviewed, verified, endorsed and signed by the client (the authorized director of the company) before they are sent to the relevant authorities.
7. If the company’s activities reflect a net profit and are subject to corporate income tax (CIT), the client is liable to pay CIT when submitting the full set of audit documents to the Revenue Department (RD).   

Key documents for the annual audit:

• Original tax invoices for sales and expenses.
• Original receipts for sales and expenses.
• Original receipts for cash sales.
• Statements of all corporate bank accounts.
• Inventory valuation/stock cards (if required).
• Asset register (if necessary).

If you have any questions about the services provided or would like to learn more about how we can help your business, please do not hesitate to contact us. It is very easy to contact us – fill out the feedback form on our website, and we will promptly contact you for a consultation.