Books
Bookkeeping
Daily and weekly journal entries, bank and credit card reconciliations, and a clean general ledger you can trust.
Books Closed. Filings Filed.Accounting and Tax Compliance in Thailand
Accounting and Tax Compliance in Thailand
for Thai and Foreign Owned Companies
Thai accounting and tax move in the same rhythm – entries, close, VAT, withholding, corporate income tax. We run them together so your books are audit-ready and the Revenue Department never has to chase you.
TWO HALVES, ONE OPERATION
Bookkeeping and tax –
managed as one workflow.
When your books and your tax filings live in the same operation, period close becomes a checkpoint instead of a fire drill.
Books
Trial balance
Cash & bank฿2,640,000
Accounts receivable฿485,200
Inventory฿312,800
Fixed assets฿1,180,000
Total assets฿4,618,000
Tax
Filings queue
PP.30VAT return
Filed 15 Oct · monthlyPND.3Withholding · individuals
Filed 7 OctPND.53Withholding · companies
Filed 7 OctPND.51Mid-year corporate
Due 31 AugPND.50Annual corporate
Due 31 MayREAL-TIME REPORTING
See where your business stands
on the day it stands there.
P&L, balance sheet, and cash position – current to the most recent closed period, not a quarter behind.
Profit & loss
October 2024
Closed
Gross margin52%
vs Sep+8.4%
YTD net฿6.42M
YTD net income
Trend
JanAprJulOct
What we handle
Six disciplines, one team. From the first journal entry to the last tax submission, every part of your financial cycle is covered.
Close
Month-end close
Accruals, prepayments, depreciation, FX revaluation, and balance sheet review – finished on a predictable schedule.
Reporting
Financial reporting
P&L, balance sheet, and cash flow delivered monthly with management commentary. Annual statements ready for audit.
VAT
VAT returns (PP.30)
Monthly VAT computation, input tax matching, supplier invoice review, and PP.30 submission via Revenue Department e-Filing.
CIT
Corporate income tax
PND.50 annual return and PND.51 mid-year filing prepared from your financials, with deductible reviews and BOI considerations.
WHT
Withholding tax
PND.3 and PND.53 prepared from supplier transactions every month, with WHT certificates issued to vendors on request.
Thailand tax filing calendar 2026, at a glance
The Revenue Department's deadlines repeat every month and every year. This is the summary Settlr tracks against for every client, with e-filing extensions where they apply.
| Form | Frequency | Due date | Covers |
|---|---|---|---|
| PND.1 | Monthly | 7th (15th if e-filed) | Withholding tax on employment income |
| PND.3 / PND.53 | Monthly | 7th (15th if e-filed) | Withholding tax on payments to individuals and companies |
| PP.30 | Monthly | 15th (23rd if e-filed) | VAT return on sales and purchases |
| Social security | Monthly | 15th | Employee and employer SSO contributions |
| PND.51 | Annual (half-year) | Within 2 months of half-year end | Mid-year corporate income tax estimate and payment |
| PND.50 | Annual | Within 150 days of fiscal year end | Annual corporate income tax return |
| Kor Tor 11 | Annual | End of February | Annual summary of employee salaries and withholding |
| Audited financial statements | Annual | Within 5 months of fiscal year end | Filed with the DBD following the AGM |
Deadlines shift when they fall on a weekend or public holiday. Settlr's platform tracks the exact date for your fiscal year and files ahead of the deadline, not on it.
SWITCHING PROVIDERS
Moving your books to Settlr, without a gap in filings
Most SMEs switch accountants mid fiscal year, worried about losing continuity. Here is exactly how the handover works so no filing is ever missed in the transition.
- 1
Share access and historical records
You grant read access to your current bookkeeping file (or export it) plus the last 12 months of filed PND and PP.30 returns, bank statements, and the latest audited financials.
- 2
Settlr reconciles the opening balance
Our team rebuilds the trial balance from your existing records and reconciles it against bank statements and prior filings before touching anything new.
- 3
We confirm filing status with the Revenue Department
We verify there are no outstanding filings, penalties, or open queries on your tax ID before assuming responsibility for the next filing cycle.
- 4
Your next deadline is covered on our calendar
Whichever filing is next due — PND.1, PP.30, or PND.50 — it goes onto the Settlr platform calendar immediately, with the current provider's numbers as the baseline.
- 5
Old provider is notified and offboarded
We coordinate a clean handover date with your outgoing accountant so there is no double-filing, no missed month, and no ambiguity about who owned which filing.
Typical handover takes 1 to 2 weeks and can start at any point in your fiscal year.
Numbers you can defend
How we keep your accounting and tax operation steady – so audits, board meetings, and Revenue Department reviews are non-events.
Audit-ready records
Every entry traced to a source document. When the auditors arrive, the package is already prepared and the supporting files are linked, not scattered.
Real-time numbers
Books are closed within five business days of period end. You see this month's revenue and margin while it still matters, not after the next quarter is half over.
Zero missed filings
Every PP.30, PND.50, PND.51, PND.3, and PND.53 tracked against statutory due dates. Penalties and surcharges never land on your desk.
Questions
Before you file
What is the corporate income tax rate in Thailand?
The standard corporate income tax rate is 20 percent of net profit. Qualifying SMEs pay 0 percent on the first 300,000 THB, 15 percent up to 3 million THB, and 20 percent above that. BOI promoted companies can receive corporate income tax holidays of up to 13 years depending on activity.
When do I need to register for VAT in Thailand?
VAT registration is mandatory once annual revenue exceeds 1.8 million THB. The standard VAT rate is 7 percent, and registered companies file the PP.30 return monthly by the 15th of the following month (23rd if e filed). Settlr handles registration and every monthly filing.