Submit of Filing Audited Annual Financial Statements on 2022 – 2023 at Thailand
Companies with accounting periods ending 31 December 2022 must file audited financial statements with the Department of Business Development (‘DBD’), Ministry of Commerce no later than 31 May 2023 so The accountant must Annual Closing and prepare annual financial statements for the year 2022 for the “Auditor” to auditing. Timeline for Filling […]
Thailand’s Audit and Compliance: A guide of financial statements 2024 for companies in Thailand
A guide of financial statements 2024 for companies in Thailand. All Thai companies, partnerships, joint ventures, and foreign company branches must submit financial statements to the Ministry of Commerce for their assigned accounting period. Thailand’s tax system is self-assessment, with the fiscal year commonly defined as the 12-month period ending on December 31 every year. […]
Thailand Corporate Depreciation, Amortisation, and Depletion
Depreciation: Provided that in no case shall the deduction exceed the following percentage of cost as shown below. The straight-line basis is themethod most commonly used by companies, but any generally accepted basis, such as sum-of-the-years-digits or double-declining method, is permitted. However, if a company […]
What is a Withholding Tax in Thailand ?
WHAT IS A WITHHOLDING TAX (WHT) IN THAILAND ? Withholding Tax or WHT is a deduction from payments given to the company’s service providers. This also applies to the payment of interests and dividends. Withholding tax (WHT) rates are dependent on the income type and tax status of the recipient. *** Rates of international payments withholding tax in Thailand are […]
Financial Statement Audit for BOI Promoted Companies in Thailand
In Thailand Law, all juristic companies, partnerships, branches of foreign companies and joint ventures are obligated to prepare financial statements for each accounting period. The financial statements must be audited and subjected to the opinion of a certified Thai auditor (CPA). And BOI promoted companies need the statutory audit every year like their non-BOI promoted […]
A Restaurant Chart of Accounts for Any Bookkeeper or Accountant can utilize
What’s a Restaurant Chart of Accounts (COA) ? A chart of accounts (COA) is the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period, broken down into subcategories. Suggest […]
Annual Financial Statements Audit Services for Thailand Business.
Annual Financial Statements Audit Services for Thailand Business. In Thailand Law, all juristic companies, partnerships, branches of foreign companies and joint ventures are obligated to prepare financial statements for each accounting period. The financial statements must be audited and subjected to the opinion of a certified Thai auditor (CPA). Failing to do so is a […]
The BOI Announcement New organization of Investment Promotion Division
The Thailand Board of Investment (BOI) announce about New organization of Investment Promotion Division as below; Investment Promotion Division 1 Agricultural, Bio and Medical Industries ; Investment Promotion Division 2 Advanced Manufacturing Industries ; Investment Promotion Division […]
What is the Financial Statement Audit by Thailand Law ?
What is the Financial Statement Audit? The companies are obligated by Thailand law to ensure that their financial statements are audited by a registered CPA. For the purpose of the independent audit is to provide assurance that the management has presented financial statements that are free from material error and provides with a true and […]
News : BOI adds benefits for upstream “SEMICONDUCTOR Manufacturing” to cover the whole supply chain.
The Thailand Board of Investment (BOI) announce about adds benefits for SEMICONDUCTOR Manufacturing industry as below ; Group 1 Manufacture of Semiconductors ; Front-end Semiconductor such as Electronics Design, Silicon Wafers, Wafer FAB – Promoted projects will enjoy a 10-year corporate income tax exemption. Back-end Semiconductors such as Wafer SORT, […]
