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Bridging two
Business Worlds Together
Baker Tilly International Great Firms, Outstanding Network Baker Tilly International is one of the world’s leading networks of independently owned and managed accountancy and business advisory firms united by a commitment to provide exceptional client service. Every day, over 25,000 professional staff in over 125 countries worldwide help privately held business and public interest entities meet challenges, proactively respond to opportunities and stay competitive. International capability and global consistency of service are central to the way we work. Baker Tilly International member firms are consistently rated among the very best in their regions throughout the world. All are leaders in their communities. The relationship between the Baker Tilly International member firms in North and Latin America, Europe, the Middle East and Africa, and the Asia Pacific region enable us to help you:
• Assess business opportunities in distant markets
• Identify potential business partners across the globe
• Expand operations or make acquisitions around the world
• Gain tax, accounting and general business expertise from distinguished professional
For more information, visit www.bakertillyinternational.com
Baker Tilly Asia-Pacific Baker Tilly member firms in Asia-Pacific are active in offering a full range of services of audit, accountancy, financial reporting, tax, business consultancy, corporate financial and internal audit in their respective markets. Regionally, member firms have the capability to support local and internal clients as they expand and grow globally. Baker tilly Asia-Pacific regional practice committees ensure active collaboration to ensure mutual support for clients operating and expanding regionally. The committees provide an umbrella structure for regional services, as well as maintaining communication with Baker Tilly International’s regional committees for North America, Europe-Middle, East-Africa, and Latin America. We are active participants in the Asia-Pacific regional committees and Chairs Tax Committee. We are also a member of the Baker Tilly Asia-Pacific Regional Advisory Council.
Baker Tilly Thailand Baker Tilly Thailand is an independent member firm of Baker Tilly International, outstanding network of great firms. We use our network, experience, technical, knowledge, business acuteness, and client understanding to establish trust with clients through our people and core value. Baker Tilly Thailand Ltd. is one of the leading international accountancy and business advisory firms in Thailand, specializing in providing clients with a range of integrated services. Through our separate business unites, we serve public and private clients in various industries and regardless of turnover size. Baker Tilly Tax and Consulting Services (Thailand) Ltd. and Baker Risk Management Services (Thailand) Ltd. are independent member firms of Baker Tilly International.
Our Mission To create viable solutions tailored to clients’ needs and sustainable in all business environments, while providing opportunities for our staff to grow in their professional and increase their value to our clients and the firm.
Our Commitment To provide our clients with proactive, consistent, solutionsoriented, quality driven professional services confirming to the highest international standards.
Our People A professional services firm is only as good as the quality of its people. We choose our people for their experience and ability to identify issues and develop creative solutions. Above all, our people work as a cohesive team – with our clients and with each other – because they share our commitment to providing first class business solutions and advice for every one of our clients. Our people are the right people to provide services to our clients because of four essential characteristics:
• Knowledge
• Accessibility
• Enthusiasm
• Responsiveness
Our Core Value • Integrity and Objectivity – Essential to longevity for any professional firm and the ability to deliver long term client services. • Excellent Client Service – Exceeding client expectations for timely response, providing effective solutions, and offering greater understanding of needs and concerns. • Empowering and Enriching Our People – Developing our professional staff and empowering them to respond to client needs adds value to our engagements and clients. • Effective Approach – Services will not be mechanical, meeting only statutory requirements, but must recognize the unique characteristics, objectives, and risks of our clients and must be planned and delivered in a manner best suited for the engagement.
Our Services Thailand can be an exciting and challenging place to do business. Multinational companies should seek tax and business advices that are appropriately suited to their needs and circumstances, Companies can gain more with having good tax and business advisors that have a good understanding of local statutory requirements, international tax and accounting practices. We offer a range of taxation and business support services in the following key areas: • Taxation and Consulting • Business Advisory and Support • Accounting and Payroll • Risk Management
TAXATION AND CONSULTING Thailand can be an exciting and challenging place to do business. Multinational companies should seek tax and business advices that are appropriately suited to their needs and circumstances. Multinational companies can gain more with having good tax and business advisors with a good understanding of both local and international tax. At Baker Tilly Tax and Consulting Services, we offer a range of taxation and business support services in the following key areas:
Tax Compliance:
Tax compliance comprise of:
Tax Compliance activities including tax reporting or filing services and
• Preparation of half-year and annual corporate tax returns
tax compliance outsourcing.
• Preparation of personal tax returns • Review of corporate and monthly tax returns (e.g., VAT, WHT, etc.) • Assist with calculation of other tax requirements
Tax Strategy: Manage and comply with regulatory complexities across multiple taxing jurisdictions in an optimal manner.
Tax planning and strategic reviews related to: • Domestic Tax • VAT • SBT • Property Tax • International Tax • Global Indirect Taxes • Cross-Border Structured Solutions • Tax Credits and Incentives Tax strategy defense and advocacy: • Tax Controversies & Appeals • Tax Audit Preparedness
Tax Department Efficiency:
• Tax Function Assessment
Maximizing the effectiveness and performance of the tax function.
• Tax Process Improvement • Tax Department Design
M&A and Tax Advisory:
• Analysis of tax risks and consequences of proposed transactions
Tax advisory on implications of M&A transactions and international
• Optimizing the tax implications of deal or reorganization activity
reorganization, relocation and restructuring activities.
• Tax-related Due Diligence • Valuation for tax assessment • Provide implementations on tax effective structuring options • Minimize capital gains and income tax cost through appropriate tax planning
Transfer Pricing Advisory:
• Transfer Pricing
Advisory and planning of transfer pricing and pricing agreements to
• Advance Pricing Agreements
maximize efficiency (e.g., global mobility earning strategies).
• Planning & Documenting • Audit Preparation & Controversy Defense • Global Mobility Advisory • Tax Effective Planning and Strategy for Mobility Programs
For more information, please contact: Baker Tilly Tax and Consulting Services (Thailand) Ltd. | +66 2 679 5400 (tel) | +66 2 679 5008 (fax) | info@bakertillythailand.co.th
BUSINESS ADVISORY AND SUPPORT We offer Business Support Service such as:
• Company registrations • Foreign Business License application • Treaty of Amity application • Establishment of Branch Office and Representative Office • Company secretarial compliance • Advice on corporate and labor law matters • Assist clients to access Thai investment promotions & industrial incentives under BOI (Board of Investment)
Work Permit and Visa
• Work Permit application • Non Immigrant Business Visa application • One Year Visa application • Reporting of 90-days stay with the Immigration Bureau • Transfer of visa stamps to new passport • Annual renewal of Work Permit and One Year Visa
For more information, please contact: Baker Tilly Tax and Consulting Services (Thailand) Ltd. | +66 2 679 5400 (tel) | +66 2 679 5008 (fax) | info@bakertillythailand.co.th
ACCOUNTING AND PAYROLL Accounting Our services include full outsourced bookkeeping and monthly tax compliance services, including preparation of monthly withholding tax and value added tax returns. We maintain accounts for clients, perform data entry, review tax invoices and accounting records and provide monthly management accounts. Using the information provided to us on a monthly basis, we can prepare all necessary monthly tax filings for submissions. We also function as our client’s accountant of record. Clients can call our dedicated team of professionals for information and advise whenever they need. We can assist clients to present of documents for submission to the government officials and represent clients at the Revenue Department. We work closely with our tax department to ensure that we stay current with all tax requirements. We are always accessible to answer tax questions.
Payroll
• Computation of confidential payroll reports & pay slips
Our outsourced payroll services assist you to ensure that your staff are
• Direct payment into employee bank accounts
paid on time and you are complaint with Thailand’s Labor Law and tax
• Preparation and submission of Social Security Fund, Withholding
regulations. Our payroll services include:
Tax, and Provident Fund • Tax equalization / Hypo-tax for expats • Annual workmen’s compensation returns
Project Accounting
• Consolidation or combining statements
Project accounting typically focus specifically on real estate and
• Statement of cash flows
hospitality projects with multiple special-purpose vehicles. In addition
• Schedule of construction in progress, comparing actual with
to bookkeeping services, we assist our clients to prepare the following monthly reports:
budgets and committed amounts • Schedule of investments – shareholder loans and accrued interest • Analysis of significant changes between reporting periods
For more information, please contact: Baker Tilly Tax and Consulting Services (Thailand) Ltd. | +66 2 679 5400 (tel) | +66 2 679 5008 (fax) | info@bakertillythailand.co.th
RISK MANAGEMENT Through our internationally experienced management and staff, Baker Tilly Risk Management Services provides high quality, practical internal audit, internal control system design, risk management, and corporate governance solutions for our clients to complement our well respected audit and assurance, taxation, corporate finance, and business recovery practice. Our experienced team, combined with our global network, allows us to provide the support clients needs, where ever they exist. Our services are focused on improving the value of our client’s internal audit and risk management functions and the performance of the client’s business. We are able to leverage the strength of our leadership team’s broad experience and our professionals’ experience in order to effectively support our client’s internal controls and risk management needs in the most cost effective approach possible by: • Having the flexibility to adapt to the client’s existing internal audit methodology and provide ideas to augment it, or • Applying our own methodology, when appropriate. Our professionals have: • Expertise needed to address the risk, control and governance challenges confronting the client. • Global support from subject matter specialists who focus in specific industries and risk areas. • First hand, practical experience in both professional firms and commercial companies providing the knowledge on which to base workable, cost effective solutions. Our services include:
Internal Audit Outsourcing and Co-Sourcing
Provide full scope operational and financial internal audit services covering the complete audit cycle from business risk assessment and developing risk-based internal audit plans, through conduct of audits, to eventual reporting to client management and the audit committee of the Board of Directors.
Internal Audit Outsourcing and Co-Sourcing
Conduct reviews focused on establishing new internal audit functions or improving the effectiveness of the company’s existing internal audit group.
Internal Control System Assessment
Internal control assessment process focuses on documentation, testing, and evaluation of internal control for compliance with organization policies and corporate governance regulations, including recommendation of corrective actions to improve effectiveness of the system of internal controls. • SOX404 • Stock Exchange Listing Rules for Internal Controls and Risk Management
Risk Management and Corporate Governance
Evaluate company’s risk management and corporate governance practices, including advising board of directors.
Internal control system design and improvement
Coordinate with client management and IT staff to design integrated, compatible, cost effective internal controls for new business starts or to revise internal control systems to be consistent with changes in our client’s operations and business practices.
Due Diligence
Ensure that internal controls of acquired or joint venture businesses are effectively designed and operating properly and consistently to upport our client’s business investment objectives and provide complete, accurate information on the operations of the investee.
For more information, please contact: Baker Tilly Risk Management Services (Thailand) Ltd. | +66 2 679 5400 (tel) | +66 2 679 5008 (fax) | info@bakertillythailand.co.th
Level 21-1 Sathorn City Tower 175 South Sathorn Road Sathorn, Bangkok 10120 Telephone : 66 2 679 5400 Facsimile : 66 2 679 5008 Website : www.bakertillythailand.com info@bakertillythailand.co.th