Your Business in Thailand Must Follow Thai Accounting Standards
The Federation of Accounting Professions (FAP) issues Thai Accounting Standards (TAS). It is a set of accounting principles and guidelines for all businesses in Thailand, be it local or foreign. The TAS establishes the framework and requirements for the preparation and presentation of financial statements. The primary objective of the TAS is to ensure the […]
3 Growth Tips for Accounting Service in Thailand Post Pandemic
Given the economic upheaval caused by the C-19 lockdown, many accounting firms and their clients are faced with an unprecedented challenge with many of them coping with just survival. This could be you too. In this scenario as in the case of basic existence, survival depends on adapting. This is evident with many firms shifting […]
Are You Looking for Business Partner for Tax Support & Accounting in Thailand?
Konrad Legal would love to be your partner. We have categorized accounting services in Thailand into 2 major responsibilities. They are as follows; Monthlies which consist of: Monthly withholding tax filing Monthly VAT filing Monthly Social Security Funds filing Monthly book-keeping Payroll Annually which consist of: Half Yearly report Annual audit To know about our […]
Top 6 Frequently Asked Questions about Accounting in Thailand
Some of the frequently asked questions about an account in Thailand are mentioned below; What are Thai Accounting Standards? Usually, there are 2 tiers of Thai accounting standards (TAS) and Thai financial reporting standards (TFRS); TFRS for publicly accountable entities that follow International Financial Reporting Standards (IFRS). TFRS for non-PAE (a business entity […]
These are the Services that can be Included in Your Accounting Package in Thailand
The accounting services Thailand listed below are usually flexible and can be adapted based on your requirement; Annual Account Audit: ‘Accounting including general ledger, general journal and trial balance Preparing financial statements and submitting it Filing and submission of corporate tax Post-audit processes’ Book Keeping Service: ‘Recording transactions in the journals or on the computer […]
Accounting Services in Thailand Best for Your Business
Well, let me tell that you are not alone. There are so many already who are facing the same challenge. When it comes to running a business, you may be an expert, but then the books could be completely another story. So you must have someone to assist you with the financial records and for […]
Seeking Accounting Service in Thailand for SMEs? Did the Jurisdiction Adopt Any IFRS for SMEs?
Seeking Accounting Service in Thailand for SMEs? Did the Jurisdiction Adopt Any IFRS for SMEs? Allow me to take one question at a time. Before pinning down to any one of the above; questions like, ‘is there any global accounting standard?’ needs to be answered first. This has been quite a common query amongst many, […]
Frequently Asked Questions on Personal Income Tax in Thailand
Frequently Asked Questions on Personal Income Tax in Thailand When it comes to paying personal income tax in Thailand income, there are so many questions that might suddenly pop-up in your mind. I have tried to answer a few questions that were frequently asked by most foreigners in Thailand. Hope you will find your answers […]
