Our company needs to change the accounting period to follow with the parent company, thus, please advise do we need to do the process of change accounting period first or do we need to submit this year’s financial statements first and proceed with the change of accounting period after?

Our company’s group has recently been acquired by a new parent company. With that we are in the process of aligning our processes follow our new parent company. We will need to have the current Fiscal or accounting period change from ended 31st March 2020 to ending of...

Accounting Period

Accounting period and how to change the accounting period in Thailand A accounting period must be 12 months. Unless the Articles of Association state otherwise, a newly established company should close accounts with 12 months of its registration. Thereafter, the...