Registering for Tax Document (Reference : BOI )

      A company liable for corporate income tax must obtain a tax ID card and number from the Revenue  Department within 60 days of its date of incorporation or, in the case of a foreign company from the date being carry on business in Thailand. Companies that have turnover in excess of 1.8 million baht must also register for VAT with the Revenue Department within 30 days of the annual turnover exceeded that threshold.

Registering for Employer account under the Social Security Act  (Reference : BOI )

     If the company has at least one employee, the company has a duty to register the Employer account under the Social Security Act with the Social Security Office within 30 days of the start of employment. The process for registration of the Employer account under the Social Security Act can normally be completed within 1 day provided that all required information and documents are fully submitted to the Social Security Office.

 Books of Accounts and Statutory Records (Reference : BOI )

     Companies must keep books and follow accounting procedures as specified in the Civil and Commercial Code, the Revenue Code and the Accounts Act. Document may be prepared in any language, provided that a Thai translation is attached. All accounting entries should be written in ink, typewritten, or printed. Section 12 of the Accounts Act of 200 provides rules on how accounts should be maintained: 

    “In keeping accounts, the person with the duty to keep accounts must hand over the documents required for making accounting entries to the bookkeeper correctly and completely, in order that the accounts so kept may show the results of operations, financial position according to facts and accounting standards.”