NPKV Group

NPKV Group

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NPKV Group is a professional which provides a full range of audit, tax and advisory servi

14/07/2020

Changing the registered address of a company

Form PP09 to change the address with the Revenue Department at least 15 days before registering the change with the Department of Business Development. Failure to do so will result in a fine of a few thousand Baht.

contact us at : [email protected]

13/07/2020

Changing the registered address of a company
When the company moves its office, it has to register the
change with the Department of Business Development. However, in case it is
registered in the VAT system, it has to file Form PP09 to change the address with
the Revenue Department at least 15 days before registering the change with the
Department of Business Development. Failure to do so will result in a fine of a
few thousand Baht.
Now to register the change of address with the DBD:
A. Registering the change of address within the same
province can be done within one day. However, the preparation of the
registration forms and related documents may take much longer.
B. Registering a relocation to another province will result
in an amendment of the section 2 “Location of the company’s office” of the company’s
Memorandum of Association (MOA). The process will take roughly 20 days with the following steps
1. The MOA can be amended through the Extra Ordinary
Shareholder’s Meeting.
2. To summon the meeting, the signatory director will have
to send a letter calling for the meeting to shareholders not less than 14 days before the date of the meeting.
3. Once the meeting has been held and the relocation has
been approved through the meeting resolution, the relocation can then be registered with the Office of Partnership and Company Registration.
The mentioned process is only for the registration of the
relocation of company’s registered office with the Department of Business
Development. You also have to notify the Social Security Office if you have been registered with it when you first had an employee.
Contact NPKV Group for your business needs in Thailand.

13/07/2020

Social Security system is required in Thailand. The employer needed to be deduct 5% (maximum Baht 750) from their salary and submit to the Social Security Office.

NPKV group provides a professional consultant of taxation to expats. If you plan for a tax payment and need help do not hesitate to contact.

contact us at : [email protected]

02/07/2020

Thai Accounting and tax service by NPKV Group is an efficient way for your business in Thailand to have a Thai CPA speaking fluent English oversee your Thailand accounting department.

At the end of each month, you get the following accounting / financial reports:
- Balance Sheet detailing assets and liabilities at the end of each fiscal month
- Profit & Loss Statement listing revenues and detailing expenses of the month and the year-to-date
- Bank Account Reconciliation
- Job Ledger (detailing revenues and costs of each and all project jobs)
- Aging schedule of accounts receivable
- Aging schedule of accounts payable
- Reconciliation of Balance Sheet Accounts
- Fixed assets and depreciation schedule
- Detailed account ledgers
- Detailed accounting journal entries

contact us at : [email protected]

01/07/2020

NPKV group provides a professional consultant of taxation to expats. If you plan for a tax payment and need help do not hesitate to contact.

contact us at : [email protected]

30/06/2020

Thai Accounting service by NPKV Group is an efficient way for your business in Thailand to have a Thai CPA speaking fluent English oversee your Thailand accounting department.

At the end of each month, you get the following accounting / financial reports:
- Balance Sheet detailing assets and liabilities at the end of each fiscal month
- Profit & Loss Statement listing revenues and detailing expenses of the month and the year-to-date
- Bank Account Reconciliation
- Job Ledger (detailing revenues and costs of each and all project jobs)
- Aging schedule of accounts receivable
- Aging schedule of accounts payable
- Reconciliation of Balance Sheet Accounts
- Fixed assets and depreciation schedule
- Detailed account ledgers
- Detailed accounting journal entries

contact us at : [email protected]

27/06/2020

กรมสรรพากรยกเลิกการชำระค่าภาษีที่สาขาตั้งวันที่ 1 กรกฎาคม 2563 กรณียื่นแบบผ่าน e-filing

The Revenue Department does not accept the payment at the branches since 1 July 2020 if submit e-filing form.

26/06/2020
26/06/2020

กรมสรรพากร ประกาศลดอัตราภาษีหัก ณ ที่จ่ายจาก 3% เหลือ 1.5%

The Revenue Department announced to reduced withholding tax from 3.0% to 1.5% until 30 September

25/06/2020
24/06/2020

Thai Accounting service by NPKV Group is an efficient way for your business in Thailand to have a Thai CPA speaking fluent English oversee your Thailand accounting department. NPKV Group’s Thai accountants are certified to sign off your Thai accounting books, as required by Thai Accounting Law. NPKV Group is a Thai accounting firm who believes in timely Financial Statements prepared in conformity with the Thai accounting standards and the Thai tax laws.

Generally, we train your Thai staff to keep proper documentation for accounting and tax purposes and we handle the Thai accounting data entry and Thai tax returns filing.

At the end of each month, you get the following accounting / financial reports:

Balance Sheet detailing assets and liabilities at the end of each fiscal month
Profit & Loss Statement listing revenues and detailing expenses of the month and the year-to-date
Bank Account Reconciliation
Job Ledger (detailing revenues and costs of each and all project jobs)
Aging schedule of accounts receivable
Aging schedule of accounts payable
Reconciliation of Balance Sheet Accounts
Fixed assets and depreciation schedule
Detailed account ledgers
Detailed accounting journal entries

contact us at : [email protected]

23/06/2020

NPKV Group is a professional which provides a full range of audit, tax and advisory services. NPKV is specialize services firms in Thailand with a commitment to client service provided by experienced professionals.

21/06/2020

Updates

Further to the extensions of filing deadlines, the Department of Business Development has specified that while e-filing deadlines for audited financial statements of partnerships or juristic persons incorporated under foreign laws (e.g. branch offices, representative offices) and joint ventures are extended to 31 August 2020, there is no specific deadline for other entities, although a letter explaining the late filing is to be attached by companies. Also, the Board of Investment has now extended the deadline for filing applications for corporate income tax privileges to “31 July or not less than 30 days before the corporate income tax filing date.”

On 30 March an expected Ministerial Regulation was issued, reducing the withholding tax rate on service fees from 3% to 1%, effective from 1 April to 30 September 2020. A reduced 2% rate will also apply from 1 October 2020 to 31 December2021, for submissions made via the e-withholding tax system.

21/06/2020

Tax and other measures announced by Thai government in response to COVID-19 pandemic
• Withholding tax rate on services reduced to 1.5%
• Filing deadlines postponed
• Privileges for income and expenses related to debt restructuring
• Expanded online filings allowed for importers and exporters
• Social security contributions cut
• Unemployment benefits increased and expanded
In view of the ongoing global COVID-19 pandemic, numerous tax and related measures have been announced by relevant government agencies to help support businesses and individuals through the ongoing disruption. Further measures can be expected as a number have been approved by the cabinet but not yet formally announced.

For business operators measures include extensions of the deadlines for the annual corporate income tax filing for 2019 and the interim filing for 2020, a temporary measure allowing the use of copies of the Form E origin certificate for claiming privileges on imports from China, extended deadlines for making excise tax filings for services and oil and petroleum products, expedited VAT refunds for registered Good Exporters, and VAT filing deadline extensions for operators that are instructed to temporarily close their businesses.

In cases of debt restructuring there are also exemptions for various types of income, relaxation of the criteria for claiming bad debt write-offs as expenses, and reduced fees on transfers of property.

There are also VAT exemptions on asset donations, a 6-month reduction of the social security contribution rate from 5% of wages to 4%, for both employers and employees, and extensions of the filing deadlines for social security contributions of March to May.

Non-tax measures include allowing BOI-promoted companies to make online submissions of supporting documents for bills of materials and inventory movements, while the Department of Foreign Trade will grant a 2-month extension for importers and exporters whose registration is due to expire before the end of May 2020, and a 6-month extension for exporters whose product origin verification status is expiring before the end of September 2020. The Department of Foreign Trade will also temporarily allow online submission of applications for self-certification of origin status, although supporting documents will need to be mailed.

Measures for individuals include a tax exemption on risk payments to medical workers, an increase in the allowance for health insurance premiums and a further extension of the deadlines for income tax filings to 31 August.

In addition, unemployment benefits are extended to specifically cover those who lose their jobs due to the pandemic, effective from 1 March. Employees affected by temporary closures of businesses ordered by a government agency will receive benefits at 50% of wages for 90 days, while if the unemployment is not temporary 50% coverage is for 180 days. Rates are also increased in general cases of voluntary or involuntary unemployment of insured persons, for a period of two years.

13/06/2020

Sharing for new corporate register

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กรมสรรพากรยกเลิกการชำระค่าภาษีที่สาขาตั้งวันที่ 1 กรกฎาคม 2563 กรณียื่นแบบผ่าน e-filingThe Revenue Department does not a...
กรมสรรพากร ประกาศลดอัตราภาษีหัก ณ ที่จ่ายจาก 3% เหลือ 1.5%The Revenue Department announced to reduced withholding tax fr...
NPKV Group is a professional which provides a full range of audit, tax and advisory services. NPKV is specialize service...

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