Accounting Office

Does a Thai company with no revenue still need an audit?

Yes. Under the Accounting Act B.E. 2543 every Thai limited company must keep accounts from its registration date, prepare annual financial statements, have them audited by a licensed Thai CPA and file them with the Department of Business Development, and also file a corporate income tax return (PND.50) with the Revenue Department — even with zero revenue or a loss. Only small registered partnerships meeting the capital, asset and revenue thresholds may use a Tax Auditor instead of a CPA. If the company will not trade, formal dissolution and liquidation is safer than leaving it dormant. Call 092-0170000 or LINE @THAIL — service fees on request.

General information, not case-specific legal advice. Government fees may change; confirm with the authority before paying.

Does a Thai company with no revenue still need an audit?

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