Best Accounting & Auditing Lawyers in Chiang Mai

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Aphiwat Bualoi Law Office

Aphiwat Bualoi Law Office

Chiang Mai, Thailand

Free Consultation: 1 hour


Founded in 2021
5 people in their team
We understand the unique needs of a multicultural clientele and are committed to making the process as seamless and stress-free as possible for...
English
Thai
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KITTIWAT LAWYER

KITTIWAT LAWYER

Chiang Mai, Thailand

Founded in 2017
7 people in their team
About UsKittiwat Lawyer: Navigating Thailand's Legal Landscape with Precision and DedicationSituated strategically in Thailand's vibrant epicenter,...
English
Chinese
Thai
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Atlas Partners Law

Atlas Partners Law

Chiang Mai, Thailand

Free Consultation: 1 hour


Founded in 2021
10 people in their team
Atlas Partners Law: Bridging Legal Boundaries in Chiang MaiLocated in the heart of Chiang Mai, Thailand, Atlas Partners Law stands as a beacon of...
Thai
Chinese
English
AD Legal Firm

AD Legal Firm

Chiang Mai, Thailand

Founded in 2013
4 people in their team
AD Legal Firm is a firm that specializes in serving the legal & accounting needs of small to medium businesses, and their owners, directors, and...
Thai
English
Assist Legal

Assist Legal

Chiang Mai, Thailand

Founded in 2010
6 people in their team
Assist Legal is based in Chiang Mai and will be able to provide for all of your legal needs. We can help with property transfers, marriage and...
Thai
English
French
Chinese

About Accounting & Auditing Law in Chiang Mai, Thailand

The field of Accounting & Auditing in Chiang Mai, Thailand is subject to comprehensive laws and regulations to ensure transparency and accuracy in business practices. Both local businesses and foreign companies operating in Chiang Mai have to adhere to these laws, which are modeled after international standards but have unique local adaptations. Key aspects of these laws include the necessity for regular audits, the appropriate maintenance of financial records, and conformance to tax regulations.

Why You May Need a Lawyer

There are several situations where legal help in Accounting & Auditing could be beneficial. This includes instances of alleged fraud, disputes between business partners, tax audits, or simply needing assistance to understand financial obligations under Thai law. Furthermore, if you are starting a business in Chiang Mai, having a skilled lawyer can help ensure your accounting and auditing practices are legal, solid, and robust from the onset.

Local Laws Overview

One key law is the Thai Accounting Act B.E. 2543 (2000) which stipulates that businesses must maintain books and financial statements in accordance with Thai Generally Accepted Accounting Principles (T-GAAP). Audits must also be conducted annually under the Audit Act and the specific standards set by the Federation of Accounting Professions (FAP). Additionally, Thailand has tax legislation that requires businesses to pay different kinds of taxes such as Corporate Income Tax, Value Added Tax, and Specific Business Tax. Legal assistance can be invaluable in understanding these nuances.

Frequently Asked Questions

What is the main governing body for Accounting & Auditing in Thailand? The main body responsible for the regulation and oversight of accounting and auditing is the Federation of Accounting Professions (FAP) under the Royal Patronage of His Majesty the King.

Are annual audits mandatory for every business? Yes, under the Thai Civil and Commercial Code, every company is required to prepare a balance sheet and conduct an annual audit.

Can tax penalties be challenged? Yes, tax penalties can be appealed. It's advisable to consult with a lawyer specialising in tax laws if faced with such a situation.

How can I ensure that my startup is legally compliant? Hiring a lawyer or consulting with a legal firm adept in Thai business laws, particularly in Accounting & Auditing, can help ensure your startup is compliant from the outset.

What is the penalty for accounting fraud in Thailand? Penalties for accounting fraud can range from fines to imprisonment, depending on the severity of the case. Always consult with a legal professional if you suspect fraud.

Additional Resources

You may find information on the official websites of the Federation of Accounting Professions (FAP), the Thailand Revenue Department, or the Thailand Department of Business Development. These provide comprehensive guidelines and updates in English and Thai.

Next Steps

If you need legal assistance in Accounting & Auditing in Chiang Mai, consider consulting a legal firm which is specialized in Thai business law. Prepare all necessary documents and make sure to ask as many questions as you need to fully understand your legal position and the next steps to be taken. Remember, it’s essential that your business remains compliant with Thai accounting and tax laws to avoid penalties and ensure successful operations.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.