Please advise if we would like to change accounting period from Jan 1st – Dec 31st to Feb 1st- Jan 31st, can we just submit by end of Jan one time?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

Our company wants to change the financial year from Jan 1st – Dec 31st to Feb 1st – Jan 31st.Can we submit the 2020 Financial Report as at 31 January 2021 (13 months) instead of December 2020? Panwa:  The company is unable to prepare and submit the financial...

If the Company have processed the deduction of withholding tax and filed on behalf of the payer/customers, would it be enough if we only use the letter of notification and responding via email as appointing agent to deduct the withholding tax?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

If the Company have processed the deduction of withholding tax and filed on behalf of the payer/customers (juristic person), we can use the letter of notification and responding via email as appointing agent to deduct the withholding tax between customer to certify...

What is the tax rate of deduction for buying softwares from overseas and payment to overseas?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

The company operates software and hardware distribution business in Thailand and has imported software from companies in 11 countries for distribution to customers with residence and location in Thailand. Thus, I would like to inquire if the company payment of...

Please advise if I can add new objective to my representatvie office in Thailand?

by panwa group | Nov 13, 2020 | 2.Corporate, 3.Accounting-Tax, 5.QA

We already register a Representative office in  Thailand with only one objective “Reporting business movements in Thailand to the head office”, if in case I need to add more objective, please advise us if you can assist us for add more objective? Panwa: Please note...

If the Company have processed for deduction of withholding tax and filed on behalf of the payer (juristic person), do the company need to issue withholding tax certificate immediately or not?

by panwa group | Nov 12, 2020 | 3.Accounting-Tax, 5.QA

If the Company have processed the deduction of withholding tax and filed on behalf of the payer/customers (juristic person), the Company need to issue the withholding tax certificate immediately every time the tax is withheld according to the Revenue Code section no....

If the employee is paid on behalf of the company, but the software was used in our company, thus, do we need to withhold it when paying for the software to overseas or not? And can this software cost be used or recorded as a company expense?

by panwa group | Nov 11, 2020 | 3.Accounting-Tax, 5.QA

The Company employee used a personal credit card to purchase an online software abroad and the proof of payment is only mentioned on the website page, there is no invoice. This means that it is paid on behalf of the company, but the software was used in our company....