“Most competitive fees for the highest quality legal services”
TAX & ACCOUNTING
MAIN TAX & ACCOUNTING SERVICES:
TAX & ACCOUNTING CONSULTANCY
At Smart Legal Solutions, we offer high level of consultancy services in all business and financial aspects, by providing technical solutions to our clients according with their needs.
Moreover, we provide all the required accounting services (monthly and annual) for companies registered in Thailand in order to comply with the local regulations. As per example:
Monthly financial reports (Balance Sheet, P&L)
Withholding tax (PND 3, 53)
Value added tax (PP 30)
Withholding tax return (PND 54)
Mid-year tax return (PND 51)
Annual tax return (PND 50)
Annual financial statement submission to the Thai government
Record accounting transactions
Supporting schedules for financial statements
Our professional accountants will prepare the applications and handle the submissions of the required annual and monthly tax filing for your company:
Calculate and prepare Monthly submitted forms of Withholding tax (PND.1, 3, 53, 54, PP.36) and Value Added Tax (PP.30) to the Revenue Department.
Calculate and prepare Monthly Submitted forms of Social Security to the Social Security Department.
Prepare PND.91, PND.90 for personal income tax.
Prepare PND.1 kor (Total personal income tax and salary of employees for a year) submitted to the Revenue Department.
Calculate and Prepare PND.51 (for the half year corporate income tax) and PND.50 (for the annual corporate income tax).
According with the Thai law all registered companies should submit the annual financial statement which must be confirmed as true and compliant with generally accepted Accounting principles. Since all legal entities registered in Thailand have a legal obligation to prepare and keep accounts.
Our audit services includes:
When a business in Thailand has to close, particularly a Thai limited company, there are procedures to follow before legitimately closing down the company. This is the main process and timeline to close a company in Thailand:
1. Confirmation that the company has no outstanding debts;
2. Prepare shareholder minutes of meeting to close the company
3. After 14 days, the decision to close the company needs to be published in a local newspaper to also inform the creditors;
4. Only then, the necessary government forms to put the company into liquidation can be filed at the DBD;
5. Once this is done, accounts up until that date will be prepared;
6. Those accounts will need to be audited and approved by the shareholders
7. The last step will be to close the liquidation at the DBD, Revenue Department, Social Fund and Labor Department (if applicable).