Accounting, Tax & Payroll for Thai Companies and Expats — Foreign-Sourced Income Review (Section 41 + Departmental Order Por. 161/2023)

Frequently asked questions

What is needed to start bookkeeping?

Start with the company affidavit, accounting period, tax registrations, prior filings, bank records and transaction documents. Additional records depend on the real business.

Can fees be confirmed immediately?

Transaction volume, employee count, VAT status, the existing system and historical backlog should be reviewed before scope and fees are confirmed in writing.

Are the bookkeeper and auditor the same role?

No. The bookkeeper prepares records and statements; the licensed auditor independently examines them where an audit is required.

How do you begin a multi-month backlog?

Records are separated by period, bank balances reconciled and prior filings checked. Higher-risk deadlines are prioritised without inventing figures merely to file quickly.

Must every Thai company register for VAT?

Not solely because it is incorporated. Business activity, revenue, exemptions and current Revenue Department rules must be checked.

What can payroll support include?

Scope may include payroll calculations, withholding-tax data, social-security data and approval reports. The exact deliverables must be stated in the quotation.

Can you guarantee no penalties?

No. Penalties and surcharges depend on facts, deadlines and authority decisions. The team can check completeness and explain identified risks.

Can accounting records be sent online?

Yes, when the business sets a suitable channel, access permissions, approver and document-delivery cycle for its data.