Taxation and Accounting in Thailand
Other benefit for employee
Tax Regulation
for SMEs
Transfer Price
Double Taxation Treaties
Thai Accounting Rules
Value
Added Tax (V.A.T)
Corporate
Income Tax
Personal
Income Tax
Specific
Business Tax
Related links
Thai Accounting Rules
Accounting transactions
Accounting transactions may be recorded in a foreign language, but
there should be a Thai translation.
Accounting period
A newly established company or partnership should close its accounts
within 12 months from the date of its registration. After that, the
account should be closed every 12 months.
If a company wishes to change its accountings period, it must get written
approval from the Revenue Department.
Accounting method
Any accounting method which is adopted by a company must be used consistently
and may be changed only with approval of the Revenue Department.
Statutory reserve
A statutory reserve of at least five percent of the annual net profits
arising from.
The business must be appropriated by the company at each distribution
of dividends until the reserve reaches at least 10 per cent of the company's
authorised capital.
Reporting requirement
Companies, partnerships and branches of foreign corporations are required
to prepare a balance sheet and income statement for each accounting
period which must be certified by an authorised auditor
Filing of financial statement & tax return
At the end of fiscal year ,certified financial statement must be submitted
to the Commercial Department. Copies of certified financial statements
must also accompany the income tax return, which must be filed with
the Revenue Department within 150 days from the end of fiscal year
 TOP
Double Taxation Treaties
Thailand has treaty agreements to eliminate double taxation with the countries listed. Click here
TOP
Related Links
BOI
Revenue Department
Ministry of Commerce Thailand
Download Tax form Withholding Tax, VAT
Regional
Operating Headquarter (ROH)
TOP
Home
| Services |
Business Software
Accounting & Tax Info | Publications | Jobs|
Contact us | Sitemap
|
