Any registered business or entity operating in Thailand has certain rules and regulations to follow. Under Thai law any registered legal entity, irrespective of whether it is a limited company, a foreign company operating in Thailand or a registered partnership, needs to prepare and keep its accounts and file an annual audit.
Annual Audit Filing – Legal Requirements
Financial statements of every legal business entity in Thailand are mandatory according to the Revenue Department and the Department of Business Development.
Failing to file an annual audit, maintain the accounts or deliberately alter them for your benefit may result in fines up to 200,000 THB or a summons from the authorities.
The annual audit report must be filed within 150 days after the close of the accounting period.
The following documents are required to be submitted before the commencement of the audit process:
Income and Expenditure Account
Complete Bank Statement
Inventory and Stock
Title Deeds Copy (in case a company got one while purchasing a land)
Previous Years Audit Documents.
Half Year Report
Filing a Thailand Annual Audit involves a lot of steps. We, at Sunbelt Asia Annual Audit Filing Services, assist our clients in adhering to Thai laws and regulations from the preparation of the documents to the filing of the audit. We ensure that this process is fully transparent and that it takes care of all the audit requirements of your firm.
Reasons for Choosing ACCTHAi
There are many reasons for you to choose us, but here is a list of few things what we can do for you.
As far as accounting is concerned, all the businesses registered in Thailand have several responsibilities. Our accountants help you prepare the required accounting report for your business. The report is based on your company’s financial statement and book keeping.
Moreover, we help you by translating the reports into English. The annual audit report is not just imperative for your business. But it is necessary when dealing with government bureaucracy. These are necessary when renewing license, work permits or visas.
There are many steps involved in annual audit, so it is better to choose us for preparing reports. The entire process is time-consuming and tiresome. Another thing what we can do for you, is that our staff can help you in submitting the report. Along with this, we also help you in the preparation of the report as well.
We have many years of experience and our accountants are trained in preparing annual audit reports. It is better to seek help from a service provider who has transparent pricing for the whole process. You can trust us that we will take care of the formalities for you. As a result, you won’t have to spend hours and days to go through the procedure.
Thus, the process takes time and good preparation, so don’t wait, and call us right away. We take the annual audit report very seriously as we are aware of the time and hard work you have invested. This is the reason why ACCThai is the best.