The accounting services Thailand listed below are usually flexible and can be adapted based on your requirement;
- Annual Account Audit:
- ‘Accounting including general ledger, general journal and trial balance
- Preparing financial statements and submitting it
- Filing and submission of corporate tax
- Post-audit processes’
- Book Keeping Service:
- ‘Recording transactions in the journals or on the computer files and update when required;
- Compare computer reports with the actual ones;
- Review invoices plus statements in order to ensure accuracy of the information;
- Review print documents against the maintained journals regularly;
- Verify transaction records posted by the staff;’
- Notary Service:
- ‘Attestation of signature done before them
- Administrating an Oath and affirmation
- Certifying TRUE COPY
- Confirmation of Birthday
- Attestation of photos of a person
- Testimony and Oath and affirmation (Affidavit)
- Attestation of address
- Certified Correct Translation, etc.,’
- Corporate Income Tax:
- ‘File tax returns in accordance with Form CIT 50 within 150 days from the ending date of the accounting periods.
- Tax payments need to be submitted along with tax returns. Companies disposing funds out of Thailand must pay tax on the sum disposed within 7 days from the date of disposal (Form CIT 54).
- Company subject to CIT should repay tax (Form CIT 51). Annual net profits alongside tax liability should be estimated to pay half of the tax within two months after the first six months of the accounting period.
- A foreign company that is not operating any business in Thailand is subject to file a flat tax rate and the payer should withhold tax at source while making the payment. Form CIT 54 must be filed to pay the Revenue Department.’
- Payroll Management:
- ‘Payroll calculation, including Pension Fund
- Preparation of documents for bank auto-payments
- Preparation of monthly pay slips
- Work in compliance with the Employment Ordinance
- Filing Employers’ Returns to the Revenue Department in Thailand’
Besides, half-yearly account audit, tax audit service, tax refund application, and bank account opening are some other accounting services in Thailand. For your information, whether your company is local or foreign, it must submit the documents including profit and loss statement, annual reports, input-output tax, and balance sheet annually to the Department of Revenue and Ministry of Commerce.
