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You need to confirm your annual audit by February 15! Don't be late - the government imposes fines on late filers.

Annual audits are due by May 30 for those who have a company registered on or before December 31, 2018. It is important to note that your annual audit must be prepared by a licensed accountant and must be filed whether your company has been trading during the year or not.

We need your confirmation before February 15 2019 to give us a reasonable lead time, not only to avoid late penalties but also avoid service fee surcharges for "urgent cases", and to ensure that the deadline is kept. Failure to file your annual audit can result in fines up to 100,000 baht so be sure and contact us today to get the process started.

Our audit service package includes:
  1. Bookkeeping Data Entry (general journal & general ledger & trial balance).
  2. Required advertisements in Thai newspaper.
  3. Drafting the invitation notification letter to shareholders.
  4. Registered Mail to Shareholders and Acknowledgement and Shareholders meeting.
  5. Completing the financial statement and submitting this to the Revenue Department and the Department of Business Development.
  6. Filing corporate income tax and submitting to the Revenue Department (PND.50) together with the Annual Financial Statement & Auditor’s Report.
  7. Filing the Financial Filing Form (Sor. Borchor.3, 3/1) together with the Annual Financial Statement & Auditor’s Report to the Department of Business Development.
We will need the following documents by February 20, 2019, if you submit your documents beyond February 20 we cannot guarantee that your audit will be finished by the government deadline.
  • Income and Expenditure Account.
  • Complete Bank Statement.
  • Inventory and Stock.
  • Company Seal.
  • Lease agreement.
  • Title Deeds Copy (in case a company got one while purchasing a land).
  • Previous Years Audit Documents.
  • Half Year Report.
  • Receipts must be in the name of the company.
Please contact us today at 02-6420213 from 09.00 a.m. to 6.00 p.m., Monday to Friday or via email at [email protected]

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Thailand’s e-commerce sector is the fastest growing in ASEAN, reaching 3.2 trillion baht and14 percent growth in 2018 according to the Electronic Transactions Development Agency (ETDA). Changes in consumer behavior contributed to the leap, in 2017 the value of e-commerce in Thailand was 2.7 trillion baht. The number of internet users in Thailand has tripled in the last decade and smart phone saturation growing, Thai’s spend more time on the internet than anyone else in the region. Thailand has 74 percent social media saturation. E-commerce sites continue to grow as payments online become easier. Growth is expected to top 20 percent in 2019.

The University of the Thai Chamber of Commerce reports that the Consumer Confidence Index has climbed on the back of the announcement of an election date and the return of Chinese tourists to the country. The Consumer Confidence Index in January 2019 stood at 54.5, improving for the first time in five months and spending during Valentines and Makha Bucha Day is expected to hit 6.3 billion baht. Private consumption and investment is expected to lead economic growth this year as the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicts economic growth at 4 – 4.3 percent this year. Exports are predicted to grow 5-7 percent and tourism arrivals are expected to continue to grow, reaching 7. 5 percent growth. The strengthening baht has increased some concerns for export growth but increased less than the Indonesian rupiah. However, foreign funds flowed into the Thai economy in January as almost half of the trades on the stock market were from foreign investors. Foreign net inflows totaled 1.5 billion baht for government bonds and 7.3 billion baht for domestic equities from January 1 to February 1.

Business News


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Jan 6 2019 >> Annual audits due - please book by February 15
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Dec 16 2018 >> Digital economy continues to grow
Dec 9 2018 >> Thailand's internet economy ranked second in SE Asia
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Nov 25 2018 >> Exports rise 8.7 percent year on year
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Nov 4 2018 >> Thailand in Top 30 in World Bank's Ease of Doing Business Report
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Jun 3 2018 >> Ministry of Labour considers removing some occupations from restricted list
May 27 2018 >> Second airports approved for Chiang Mai, Phuket
May 20 2018 >> New business registrations reach ten year high in April
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May 6 2018 >> Cabinet retroactively extends tax incentives for juristic persons registration
Apr 28 2018 >> Value of exports hit record high in March
Apr 22 2018 >> Domestic and foreign tourism numbers up for Songkran
Apr 15 2018 >> World Bank raises GDP forecast to 4.1 percent
Apr 7 2018 >> Foreign arrivals, domestic tourism expected to grow this Songkran holiday period
Mar 30 2018 >> New banknotes and coins to be issued April 6
Mar 24 2018 >> Thailand receives 7.1 million foreign visitors in January and February


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