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Statutory Account services

The statutory account services provided of KNK Consultancy Co., Ltd would follow these procedures:


  • Obtain all relevant primary accounting documents from the Company.

  • Review primary payment vouchers, journal vouchers, receipt vouchers supplied by the Company whether they are in accordance with the Thai GAAP Standard.

  • Prepare relevant journal vouchers in order to comply with the Thai GAAP

  • Enter data to accounting system in Thai Baht value currency as required by Thai Regulations

  • Produce Trial balance and relevant statutory financial statements.

  • Prepare statutory financial statement as required by auditor.

  • Liaise with auditor at year end audit.


Taxation Services


  • Prepare and submit monthly VAT return (Form Phor. Phor. 30)


The Company will be required to file a VAT return and make payment to the Revenue Department if the output tax is more than input tax by the 15th of the month following that in which the transactions occurred.

  • Prepare and submit monthly Corporate Withholding Tax return (Form Phor Ngor Dor 3, 53)


Each time the Company pays income to a supplier of services or rent to a landlord, it is required to withhold income tax on behalf of the payee at the rates stipulated in the law. A return of such withholding must be filed by the 7th of the month following that in which the payment was made.

**In addition, each supplier should be given the appropriate withholding tax certificates.


  • Prepare and submit Value Added Tax (“VAT”) return (Form Phor Phor 36)In the case where the Company purchases goods or service from a foreign supplier with no permanent establishment or agent in Thailand, the Company is responsible to file a return (Phor Phor 36) and remit VAT to the Revenue Department within the 7th day of the month following the month the payment for goods or services in made. VAT on services performed by a foreign supplier can represent input tax for the month in which it is paid

  • Prepare and submit monthly Corporate Withholding Tax return on payment to overseas (Form Phor Ngor Dor 54)


Where the Company makes payments of goods and services to overseas, the Company is responsible for filing a return and remitting the corporate withholding tax to the Revenue Department by the 7th of the following month, which the payment is made.
 

Payroll Service


  • Calculate net paid salary and withholding tax to be withheld

  • Prepare standard payroll report or as per format provided by the Company.

  • Prepare payroll slip for each individual staff person

  • Submit pay report to the Company’s designated staff for further cheque preparation and prepare the instruction letter to bank

  • Prepare and issue withholding tax certificates to each staff person (once a year)

  • Prepare and submit the monthly personal income tax return (Form Por. Ngor. 1)

  • Preparation the summary of the personal income tax return (Form Por.Ngor.Dor 1 Gor.)



Social security contribution service


  • Prepare and submit monthly Social security contribution report to the Social Security Office

  • Notify the monthly social welfare payable amount to the Company’s designated staff for further check preparation

  • Collect social welfare check from the Company for further filing.

  • Filing all relevant Social Security documents with the authority


If the company has any changes regarding the Company name, address, directors, or employees etc. KNK Consultancy Co., Ltd. will assist in notifying the labour department of those changes.


Annual Service Fee

We have summarized annual submission items, according to the requirement of the Department of Business Development and the Revenue Department as follows;


  • Preparing and filing of half-year corporate income tax return (Form Por Ngor Dor 51)


This return is not required for the Company’s accounting provided that it is less than twelve (12) months’ duration. For subsequent periods it has to be filed within two (2) months from the end of the first half-year period. The taxable income is computed on one-half of the estimated profit for the full year.
 

  • Preparing and filing of year end corporate income tax return (Form Por Ngor Dor 50)


This return must be filed within one hundred fifty (150) days from the close of each annual accounting period (balance sheets date).


  • Filing of annual financial statements and Forms for Submission of Financial Statements (SorBor.Chor. 3 form) with English translation to the Ministry of Commerce.


This form must be filed within five (5) months from the close of each annual accounting period (balance sheet date).


  • Filing of International investment position information by specific from (Sor Bor Chor 3/1 form) required by Bank of Thailand with English translation to the Ministry of Commerce.


This form must be filed within five (5) months from the close of each annual accounting period (balance sheet date).