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Half Yearly Tax Auditing in Thailand

Be it Your Personal or Business Account,
Never Take the Risk to File Tax Before Auditing

half yearly tax audit in thailand

Half Yearly Tax Auditing in Thailand

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  • Half Yearly Tax Auditing in Thailand is mandatory for -
  • Listed Companies, Banks and Financial Institutions: Half-yearly tax shall be based on the amount of the actual net profit for the half-year.
  • Corporate Entities: Half-yearly tax shall be based on an estimated amount of net profit for the entire year.
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What is the Procedure & Benefit of Half Yearly Tax Auditing in Thailand?

5 Advantages of Half Yearly Tax Auditing in Thailand

  • Helps in avoiding fuss during annual audit
  • Identifies the weaknesses in the accounting system while suggesting improvements
  • Enhances the reliability of the figures submitted to the prospective purchasers
  • Adds credibility to publish information for the employees, suppliers, tax authorities and customers
  • Gives reasonable assurance to the shareholders that the figures shown are true and fair

The Half Yearly Tax Auditing Process in Thailand

  • Preparation of the half-year financial report in accordance with the financial reporting standards
  • Auditors consider the issues that arose during the last year’s audit
  • Inquiry of Auditors about selected staff, directors and management on how the business has addressed the risks
  • Analysis of the figures in the half-yearly report to identify the unusual items or fluctuations
  • Auditors prepare a review report

Documents Required

  1. Government-issued Photo ID
  2. Completed document/form with the appropriate names, places, and dates.
  3. Even after notarization, your document may require witnesses. Make sure you have them.

Frequently Asked Questions

If you want to know about the Thai auditing standards in detail click http://konradlegal.com/blog/here-must-know-auditing-standards-thailand/

We provide audit service to both Thai companies and foreign companies in Thailand.

According to the law, the account books should have the daily financial transactions along with the bills of the transactions made. Typically, an account book includes ledgers, original and copies of bills and trial balance. And online accounting keeping a record of all these have become quite easy.

Well, that’s your personal choice. You can also consider hiring the services of an expert who will do the needful to preserve your company’s details.

CONTACT US

KONRAD LEGAL COMPANY LIMITED

2 Pacific Place Building, 12th Floor,
Unit 1209, No.142, Sukhumvit Road,
Klongtoey, Bangkok 10110

Phone: +66 2626-0277

officer@konradlegal.com
info@konradlegal.com

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