Our Accounting & Auditing Services
Compliance with Thai Standards
Ensure adherence to Thai Accounting Standards (TAS) and Thai Financial Reporting Standards (TFRS) for accurate financial reporting.
Shareholder Transparency
Enhance transparency for shareholders and investors, building trust and credibility in your business.
Important Notice
Non-compliance may result in fines, criminal liability, business suspension, or director personal liability. Professional oversight is not an expense it's an investment in your business's future.
Accurate Tax Filings
Support precise VAT and corporate tax filings to avoid penalties, reassessments, and regulatory complications
Business Sustainability
Support long-term business growth with solid financial foundations and regulatory compliance.
Risk Reduction
Reduce risks of audits, penalties, director liability, and business suspension through proactive compliance.
Legal Protection
Align accounting, tax, and legal structures to minimize exposure and protect your business interests.
Our Accounting & Auditing Services
Comprehensive solutions designed to keep your business compliant, transparent, and sustainable.
Statutory Accounting Obligations
TAS / TFRS Compliance: Alignment with Thai accounting standards
Annual Financial Statements: Professionally prepared and audited
Thai Language & Thai Baht: Full compliance with DBD requirements
Record Retention: 5–10 year compliance management
Auditing Requirements in Thailand
Mandatory for all limited companies under Thai law:
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Foreign Business Act companies
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BOI-promoted businesses
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Treaty-protected entities
Our team ensures every audit is legally aligned and smoothly approved.
Monthly & Annual Tax Compliance
VAT (PP.30): Monthly value-added tax filing
Withholding Tax: PND.1, PND.3, PND.53 management
Half-Year Corporate Tax: PND.51 filing
Annual Corporate Tax: PND.50 and DBD submission
Accounting & Auditing for Foreign Owned Companies
Equal compliance obligations apply to:
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Foreign Business Act companies
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BOI-promoted businesses
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Treaty-protected entities
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Shareholding & capital structure alignment
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Foreign transactions & intercompany pricing
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Transfer pricing documentation
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Legal-tax-accounting structure alignment
Foreign businesses require precision professional oversight is essential.
Common Risks of Non-Compliance
Business Disruption
Operational disruption and reputational damage in the market
Banking & Investor Trust Loss
Difficulty obtaining loans, credit, or investor confidence
Fines and Penalties
Substantial financial penalties from the Revenue Department and DBD
Tax Reassessments
Unexpected tax audits and reassessments with back-interest charges
Preventive compliance costs far less than corrective action.
Professional accounting and auditing services are an investment in your business's stability and growth.
Niti Legal Advisory is ready to support you at every step of your business journey in Thailand.
Director Criminal Liability
Personal criminal charges against company directors for non-compliance
License Revocation
Business license suspension or revocation by regulatory authorities
How Niti Legal Advisory Supports Your Business
Accounting System Setup
Aligned with Thai law and international best practices
Ongoing Bookkeeping & Tax Compliance
Monthly and annual tax filings managed with precision
Auditor Coordination
Seamless coordination with licensed Thai auditors
Financial Statement Preparation
Professional preparation and DBD submission
Compliance Advisory for Foreign Businesses
Specialized guidance for international companies
Legal Risk Analysis
Tied to accounting and tax structures
Frequently Asked Questions
Yes. A marriage is legally recognized only when registered at a Thai District Office (Amphur). Religious or private ceremonies alone are not legally valid. Foreigners must provide a passport, an affidavit of freedom to marry issued by their embassy, and certified Thai translations of required documents.
Penalties range from fines (up to 50,000 THB per violation) to criminal liability for directors. Non-compliance can also result in business license suspension.
Foreign marriages may be recognized, but registration or legal verification in Thailand is often required for immigration, inheritance, or divorce purposes. The recognition depends on the specific country and circumstances. Professional legal verification is strongly recommended.
Monthly VAT (PP.30), half-year corporate tax (PND.51), and annual corporate tax (PND.50) filings are required. We manage all deadlines and submissions.
Yes. Foreign-owned companies operating in Thailand must comply with the same accounting, auditing, and tax requirements as Thai companies.
Transfer pricing documentation proves that intercompany transactions between foreign and Thai entities are at arm's length. This is critical for foreign companies to avoid tax disputes.
What Sets Us Apart
All About Us
➢ Accounting & Auditing
Proper accounting and auditing are essential for any business operating in Thailand to ensure compliance with local laws, maintain financial transparency, and make informed business decisions. Thai companies are required to follow the Thai Financial Reporting Standards (TFRS), maintain accurate financial records, and submit annual financial statements to the Revenue Department. Failure to comply with these regulations can result in penalties, legal issues, or operational difficulties.
Auditing is a crucial part of maintaining financial integrity in Thailand. It provides an independent review of a company’s financial records, identifies discrepancies, and ensures that accounting practices align with legal and regulatory standards. Both local and foreign-owned companies may be required to have their accounts audited annually, particularly if they are registered as a limited company or if they seek Board of Investment (BOI) benefits.
Our team of legal and accounting experts assists businesses with all aspects of accounting and auditing in Thailand. We help ensure that your financial records are accurate, compliant, and fully prepared for submission to government authorities. Whether you need assistance with bookkeeping, tax filing, or a full audit, our lawyers and accountants work together to provide comprehensive support, safeguarding your business from legal risks and enabling smooth financial operations.
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customerservice@niti-legal.com
+66 98 478 2422
Bangkok: Office
388 Exchange Tower, 29th Floor, Unit 2901-2904, Sukhumvit Road, Khlong Toei Subdistrict, Khlong Toei District, Bangkok, 10110