Audited Financial Statement Thailand
Companies registered in Thailand must submit annual audited financial statements to demonstrate performance and ensure compliance with tax regulations.
How to submit an annual report for your company
The audited financial statement ensures that a company operating in Thailand is transparent, complies with local accounting standards, and prevents potential fraudulent financial practices.
The mandatory auditing of financial statements by a third party allows you to correct potential reporting oversights and prevent penalties for underreporting on your bi-annual income tax returns.
✅ Key details to include in annual financial statements:
- Profits and losses
- Financial position statement
- Cash flow and income statements
- Equity changes
- Company accounting policies
- Financial statement preparation criteria
- Balance sheets
- Translation into the Thai language (for foreign documents)
Ensure compliance with auditing requirements through Emerhub
Annual company statements must be audited and approved correctly through an independent accountant who is licensed in Thailand. Emerhub can help you source a reputable Thai auditor for your reports, as well as assist you in preparing and reviewing the necessary financial documentation.
To ensure compliance with reporting requirements, we can also guide you through specific procedures that can apply to your type of company:
- The audited financial statement must be reviewed and approved by the board of directors during an annual shareholders meeting (approval is not required for branch and representative offices).
- The report must be approved and submitted to the Department of Business Development within 4 months of fiscal year-end.
- You must publicly disclose your company’s financial statements every year
Schedule a call with an Emerhub consultant in Thailand
Schedule a free, no-obligation consultation with our team of experts. We’ll discuss your needs and how we can help you with your financial statements and auditing for your business in the country.
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