PRECISION IN EVERY FIGURE
Thai Financial Expertise Balanced with Global Precision
Vayama Accounting and Tax delivers architectural precision in bookkeeping, tax planning, and business consultation. With over 25 years of local expertise, we provide the skeletal structure for your Thai business success.
Our Professional Services
Accounting Services
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Bookkeeping & General Ledger
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Financial Statements Preparation
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Monthly Accounting Reports
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Accounting System Implementation
Tax Services
- VAT & Withholding Tax Filings
- Personal Income Tax Advisory
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Corporate Income Tax (PND.50, 51)
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VAT Filing & Compliance
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Withholding Tax Management
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Strategic Tax Planning
Business Advisory
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Business Registration
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Compliance Consulting
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Financial Analysis
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Risk Management
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Company Registration in Thailand
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Business Structure Consultation
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VAT Registration
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Corporate Document Preparation
Payroll Services
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Employee Payroll Management
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Salary Calculation
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Social Security (SSO) Filing
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Withholding Tax for Employees
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Monthly Payroll Reports
About Vayama Accounting and Tax (Thailand)
Vayama Accounting and Tax (Thailand) is a premier accounting firm with over 25 years of dedicated service in the Thai market. We specialize in providing comprehensive financial solutions, from meticulous bookkeeping to strategic tax planning, ensuring that businesses operate with absolute compliance and financial clarity under Thai Financial Reporting Standards (TFRS).
Our Vision
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To be the most trusted financial architect for businesses in Thailand.
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To empower growth through precise financial transparency.
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To bridge the gap between local Thai regulations and global business standards.
Our Mission
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Deliver accurate and timely financial reporting for informed decision-making.
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Provide expert tax advisory reducing complexity and optimizing compliance.
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Support sustainable business success through professional consultation.
Why Choose Vayama?
With more than 25 years of strategic excellence in Thailand, we provide the architectural precision and transparency your business needs to grow and remain compliant.
25+ Years Experience
Since 2000, we've navigated the complex Thai regulatory landscape, ensuring transparency and absolute compliance for sustainable growth.
TFRS Expertise
We strictly adhere to Thai Financial Reporting Standards, providing transparent and highly accurate oversight for all your records.
Professional Advisory
Strategic tax planning and business advice tailored to the unique regulatory landscape of the Thai market.
Accurate Management
Providing the skeletal structure for financial success through meticulous bookkeeping and reporting services.
BUSINESS RESOURCES
Key Tax Information for Companies in Thailand
- Corporate Income Tax (CIT): The standard rate is 20% on net taxable profits, with progressive tax relief available for registered SMEs.
- Value Added Tax (VAT): Registration is mandatory for any business entity reaching an annual turnover of 1.8 million THB. VAT returns must be filed monthly.
- Withholding Tax (WHT): Companies are required to withhold tax at source (ranging from 1% to 5%) on payments such as service fees, rent, and royalties.
- Payroll Compliance: Businesses are responsible for withholding Personal Income Tax from employee salaries and making monthly Social Security contributions.
- Accounting & Audit: All Thai companies must maintain accounts according to TFRS and submit an annual financial statement audited by a certified Thai auditor.
- Annual Filing: Corporate tax returns (PND.50) must be filed within 150 days of the fiscal year-end, along with half-year estimates (PND.51).
INVESTMENT RESOURCES
BOI Promotion for Foreign and Local Investors
The Thailand Board of Investment (BOI) offers investment promotion to both foreign and Thai companies that meet specific criteria. BOI promotion can provide significant tax and non-tax incentives that help reduce startup costs and support long-term growth in Thailand.
Basic Points Before Applying for BOI
- Your business must fall under an eligible BOI-promoted activity.
- You need a clear business plan, investment budget, and project timeline.
- Minimum capital investment and technology or value-added requirements may apply.
- Applications are submitted to the BOI and assessed based on economic benefit, technology, and employment.
Key Business Benefits of BOI Promotion
- Corporate income tax exemptions for a specified number of years.
- Exemptions or reductions on import duties for machinery and raw materials.
- 100% foreign ownership in many promoted activities.
- Easier work permit and visa process for foreign experts and directors.
- Support for expansion, R&D, and regional headquarters activities.
PAYROLL RESOURCES
Payroll Tax Essentials for Employers in Thailand
When paying employees in Thailand, employers must handle several tax and social security obligations correctly. Proper payroll compliance reduces risk, avoids penalties, and helps build trust with your staff.
Key Employer Obligations
- Withholding personal income tax (PIT) from monthly salaries based on progressive tax rates.
- Submitting monthly withholding tax returns (Form P.N.D.1) and paying tax to the Revenue Department.
- Registering for and contributing to Social Security, and filing monthly Social Security Fund reports.
- Keeping accurate payroll records, employment contracts, and payslips for each employee.
- Applying correct tax treatment for bonuses, allowances, and benefits-in-kind.
- Issuing annual withholding tax certificates to employees for their personal tax filings.
MANAGEMENT RESOURCES
Using Financial Statements to Manage Your Business
Your financial statements are more than just reports for the tax authorities. When used correctly, they are powerful tools that help owners and management understand performance, control costs, and make better decisions for future growth.
Key Ways to Use Financial Information
- Reviewing the income statement to track revenue trends, gross profit, and operating expenses.
- Monitoring cash flow to ensure the business has enough liquidity to pay suppliers, staff, and investments.
- Analyzing the balance sheet to understand assets, liabilities, and equity structure.
- Using financial ratios to measure profitability, efficiency, and leverage over time.
- Comparing actual results to budgets or forecasts to identify variances and take corrective action.
- Using monthly or quarterly management reports to support strategic planning and board discussions.
