Year-end Wrap-up of All Payroll Obligations
Annual Payroll Services in Thailand
Our Annual Payroll Services are designed to handle the complete year-end payroll compliance process for your business in Thailand. This once-a-year service ensures all final calculations, statutory filings, and tax forms for employees and directors are prepared and submitted accurately — keeping your company fully compliant with Thai labor and tax regulations.
Why Annual Payroll Services Are Important
In Thailand, payroll compliance involves more than just paying salaries. At year-end, companies must prepare summary reports, issue certificates to employees, and submit annual returns to the Revenue Department and Social Fund Office. Errors or missed deadlines can result in penalties, government scrutiny, and employee dissatisfaction. By outsourcing your annual payroll process to experts, you can eliminate these risks while saving time and resources.
What We Do in Our Annual Payroll Service
Our Annual Payroll Service covers the complete year-end compliance process for your workforce. We handle every step with precision, ensuring all statutory returns, filings, and documentation are prepared and submitted accurately, on time, and in full compliance with Thai regulations.
Withholding Tax Certificate (BIS 50)
The BIS 50 form is the Withholding Tax Certificate issued by an employer or payer to the recipient of income, covering payments such as salary, wages, or commissions.
Preparation and issuance of official annual certificates detailing each employee’s total remuneration, withholding tax deductions, social security contributions, and provident fund contributions (if applicable).
These certificates are essential for employees when filing their personal income tax returns with the Revenue Department.
Workmen’s Compensation (KT26, KT20, KT25)
Filing the Annual Wage Declaration (Form KT.20 Kor) for the company’s Workmen’s Compensation Fund is the process of reporting the actual total wages paid to all employees during the previous year. This information is used to calculate the employer’s contribution to the Workmen’s Compensation Fund and to update the records to reflect the actual amounts paid.
Employers/Company are required to submit Form KT.20 Kor by February of each year.
Calculation, preparation, and submission of the annual workmen’s compensation contributions to the Social Security Office.
Ensures full compliance with the Workmen’s Compensation Fund Act and related legal obligations.
Annual Summary of Withholding Tax on Personal Income (PND 1 Kor)
Form PND 1 Kor is the annual summary of salaries, wages, allowances, bonuses, and other benefits paid to employees, including any taxes paid on their behalf by the employer as well as the employee’s own income tax. This annual report must be submitted to the Revenue Department at no additional cost; however, failure to submit will result in penalties.
Compilation, preparation, and submission of the consolidated annual report of withholding tax deductions for all employees and directors.
Filed directly with the Revenue Department, meeting all statutory deadlines and reporting standards.
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