Businesses liable for income tax must obtain a tax I.D.
card and number for the company from the Revenue Department
within 60 days of incorporation or start of operations.
Business operators earning more than 1,200,000 Baht per
annum must register for VAT with in 30 days of the date
they reach 1,200,000 Baht in sales.
Companies must keep books and follow accounting procedures
specified in the Civil and Commercial Code, the Revenue
Code and the Accounts Act. Documents may be prepared in
any language, provided that a Thai translation is attached.
All accounting entries should be written in ink, typewritten,
Section 1206 of the Civil and Commercial Code provides
rules on the accounts that should be maintained as followed: