6th December 2019
Dear Company Director,
As per corporate regulations, the year end 2019 accounts and tax returns must be prepared for your Thai Company Limited (Co., Ltd.). The submission date of the company accounts to the Revenue Department (RD) and the Department of Business Development (DBD) are at the end of May 2020. If you require that we prepare the accounts for your Thai Company, please confirm via email before end of January 2020.
We will require copies of all relevant documentation as mentioned in the notes below.
If the company has had no activity or business during the year 2019 then we will need confirmation of this from you in writing (email will suffice).
Please note we will require advance funds on account before we can send any accounting documents to the external auditor. Under Thai law all accounts are required to be independently audited and this part of the process is not within our control. We would ask you to send advance funds in the amount of THB30,000.00 to our client trust account as detailed at the end of this letter. We ask for this amount as we will not know the exact external audit fee until the report is completed and documents returned to us.
Our accounting service fee is starting from THB12,000 depending on account’s complication. Any excess will be credited to your account or refunded whichever you prefer.
Please note the following:
Should there be any additional assets acquired by the company we must be informed of such and supporting documents provided, likewise for any income and expenditure. All withholding tax certificates and receipts must be included.
The advance funds can be paid in person by cash at the Crawshaws office or by transfer into the bank account of Crawshaws Services Co., Ltd as indicated. Please scan and e-mail the transfer slip/evidence as proof of your remittance. Your transaction will not be able to identify the payer until such proof is duly received.
A receipt will be sent by e-mail or provided in person on receipt of cash payment.
Advance funds do not include any income tax or specific business tax due. If you have any payable tax, we will let you know the amount before submission of the accounts.
Advance funds do not include any applicable penalty payments or surcharges or additional fees that may be levied by the auditor.
Advance funds do not include international disbursements for documents to be sent abroad for your signature which will be charged to your account as required (with your confirmation).
Crawshaws will not be held liable for late submission of the Balance Sheet due to the late payment of fees, or for any omissions, or rectifications needed due to the Company's failure to notify or provide updates to us of any assets, income, expenses or other financial details/changes and provide the supporting documentation, including withholding tax certificates/receipts.
Please remit advance funds due to the following bank account:
Bank Name: Bank of Ayudhya (Krungsri)
Account Name: Crawshaws Services Co., Ltd.
Account No: 535-1-07932-1
Branch Address: Bophut Branch, Koh Samui, Surat Thani, Thailand.
SWIFT Code: AYUDTHBK
If you have already instructed another firm to prepare your audited accounts, we would appreciate your confirmation in writing and please provide us with your authorisation to forward any documents/records they may request from us. Note that if we do not hear from you by the end of January 2020, we shall presume you do not wish to engage our services.
Thank you and Best Regards,