Services

Business Risk Services

Grant Thornton Thailand is a professional international audit firm with expertise and experience. We provide a high quality, world-class independent audit...

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Internal audit
In today's increasingly competitive and regulated market place, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place. The availability of qualified internal audit resources is a common challenge for many organisations.
IFRS
At Grant Thornton, our International Financial Reporting Standards (IFRS) advisers can help you navigate the complexity of financial reporting so you can focus your time and effort on running your business.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.

Human Capital Consulting

Headhunter, executive search and recruitment; permanent positions, interim and temp executives; HR assessment tools - We work with you to provide value-added...

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Looking for permanent staff
Grant Thornton's executive recruitment is the real executive search and headhunting firms in Thailand.
Looking for interim executives
Interim executives are fixed-term-contract employees. Grant Thornton's specialist Executive Recruitment team can help you meet your interim executive needs
Looking for permanent or interim job
You may be in another job already but are willing to consider a career move should the right position at the right company become available. Or you may not be working at the moment and would like to hear from us when a relevant job comes up.
Practice areas
We provide retained recruitment services to multinational, Thai and Japanese organisations that are looking to fill management positions and senior level roles in Thailand.
Submit your resume
Executive recruitment portal
Update your resume
Executive recruitment portal
Available positions
Available positions for executive recruitment portal
General intelligence assessments
The Applied Reasoning Test (ART) is a general intelligence assessment that enables you to assess the level of verbal, numerical reasoning and problem solving capabilities of job candidates in a reliable and job-related manner.
Candidate background checks
We provide background checks and employee screening services to help our clients keep their organisation safe and profitable by protecting against the numerous pitfalls caused by unqualified, unethical, dangerous or criminal employees.

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28 May 2020

Advisory Services

Dynamic organisations need a broad range of advisory services to support their ambitions and growth. Our advisory services are designed to help you achieve...

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Capital markets
If you’re buying or selling financial securities, you want corporate finance specialists experienced in international capital markets on your side.
Corporate simplification
Corporate simplification
Expert witness
Expert witness
Family office services
Family office services
Financial models
Financial models
Forensic Advisory
Investigations
Independent business review
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
Mergers & acquisitions
Mergers & acquisitions
Operational advisory
Grant Thornton’s operational advisory specialists can help you realise your full potential for growth.
Raising finance
Raising finance
Restructuring & Reorganisation
Grant Thornton can help with financial restructuring and turnaround projects, including managing stakeholders and developing platforms for growth.
Risk management
Risk management
Transaction advisory
Transaction advisory
Valuations
Valuations

Business Consulting

The environment for business is changing faster now than at any time in recent history. Forces such as globalisation and rapid technological changes are...

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Human Capital Consulting
From time to time, companies find themselves looking for temporary accounting resources. Often this is because of staff leaving, pressures at month-end and quarter-end, or specific short-term projects the company is undertaking.
Strategy & Business Model
Strategy & Business Model
Process Optimisation & Finance Transformation
Process Optimisation & Finance Transformation
System & Technology
System & Technology
Digital Transformation
Digital Transformation

Tax and legal

Whether your business is just starting up, undergoing reorganisation or expanding globally, our dedicated tax and legal team is available to provide...

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International tax
With experts working in more than 130 countries, Grant Thornton can help you navigate complex tax laws across multiple jurisdictions.
Licensing and incentives application services
Licensing and incentives application services
Transfer pricing
If your company operates in more than one country, transfer pricing affects you. Grant Thornton’s experts can help you manage this complex and critical area.
Global mobility services
Employing foreign people in Australia, or sending Australian people offshore, both add complexity to your tax obligations and benefits – and we can guide you through them.
Tax compliance and tax due diligence review services
Tax compliance
Value-Added Tax
Value-Added Tax
Customs and Trade
Customs and Trade

Japanese Business Practice (日系企業の皆様へ)

Japanese Business Practice (日系企業の皆様へ), 税務・法務, ビジネス・プロセス・ソリューション, 通訳・翻訳, アドバイザリーサービス, 監査・保証業務, エグゼクティブリクルート（ヘッドハンティング）.

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Service Line
グラントソントン・タイランド　サービスライン

Business Process Outsourcing

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Business Process Outsourcing
Companies, large and small, need to focus on core activities. Still, non-core activities are important, and they need to be leaner and more efficient than most companies can make them sustainably. For Grant Thornton, your non-core activities are our core business. Grant Thornton’s experienced outsourcing team helps companies ensure resilience, improve performance, manage costs, and enhance agility in resourcing and skills. Who better to do this than an organisation with 73,000 accountants? At Grant Thornton we recognise that that outsourcing your F&A functions is a strategic decision and an extension of your brand. This means we take your business as seriously as we take our own.
Technology and Robotics
We provide practical digital transformation solutions anchored in business issues and opportunities. Our approach is not from technology but from business. We are particularly adept at assessing and implementing fast and iterative digital interventions which can drive high value in low complex environments. Using digital solutions, we help clients create new business value, drive efficiencies in existing processes and prepare for strategic events like mergers. We implement solutions to refresh value and create sustainable change. Our solutions help clients drive better and more insightful decisions through analytics, automate processes and make the most of artificial intelligence and machine learning. Wherever possible we will leverage your existing technologies as our interest is in solving your business problems – not in selling you more software and hardware.
Technical Accounting Solutions
The finance function is an essential part of the organisation and chief financial officer (CFO) being the leader has the responsibility to ensure financial discipline, compliance, and internal controls. As the finance function is critical in every phase of a company’s growth, the CFO role also demands attention in defining business strategy, mitigating risks, and mentoring the leadership. We offer technical accounting services to finance leaders to help them navigate complex financial and regulatory environments, such as financial reporting and accounting standards, managing compliance requirements, and event-based accounting such as dissolutions, mergers and acquisitions.
Accounting Services
Whether you are a local Thai company or a multinational company with a branch or head office in Thailand you are obliged to keep accounts and arrange for a qualified bookkeeper to keep and prepare accounts in accordance with accounting standards. This can be time consuming and even a little dauting making sure you conform with all the regulatory requirements in Thailand and using Thai language. We offer you complete peace of mind by looking after all your statutory accounting requirements. You will have a single point of contact to work with in our team who will be responsible for your accounts – no matter small or large. We also have one of the largest teams of Xero Certified Advisors in Thailand ensuring your accounts are maintained in a cloud-based system that you have access to too.
Staff Augmentation
We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
Payroll Services
More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department. At Grant Thornton employees can gain access to their salary information and statutory filings through a specialised App on their phone. This cuts down dramatically on requests to HR for information by the employees and increases employee satisfaction. We also have an optional leave approval app too if required.

Business Risk Services

In the dynamic world with unprecedented events, it is imperative that organizations balance their risks, controls while capturing the opportunities in order to...

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Industries

Consumer products

Emerging markets and shifting consumer demand are creating new opportunities in this industry, with business leaders investing in new products, markets and...

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IBR Optimism of Thailand Mid-Market Leaders Suggests Potential Underestimation of Challenges Ahead: International Business Report, Q1 2024
Bangkok, Thailand, April 2024 — The Grant Thornton International Business Report (IBR) for Q1 2024 unveils a strikingly optimistic outlook among Thailand's mid-market business leaders, juxtaposed with the looming challenges that will shape the nation's economic future. With a Business Health Index score of 13.5, Thailand outperforms its ASEAN, Asia-Pacific, and global counterparts, signaling a robust confidence that may overshadow critical issues such as demographic changes, skills shortages, and the necessity for digital advancement.

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Benjawan Phinjirapong
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TAX AND LEGAL Complying with the PDPA – A Balancing Act
Organisations must be aware of the circumstances in which they are allowed to collect data to comply with Thailand’s Personal Data Protection Act.

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| 06 Mar 2020

Energy & resources

Energy markets worldwide are undergoing major changes. Grant Thornton can help you understand and navigate the challenges, and make sure you have the solutions...

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Financial services

Financial services firms operate under complex and heavy regulation. Grant Thornton’s global network of member firms assists clients with asset management,...

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Healthcare

Healthcare is a rapidly changing sector. Providers and commissioners of healthcare face the challenges of rising public expectations, an ageing population,...

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Not for profit

Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...

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Government and public sector

We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...

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Real estate & construction

While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...

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Technology, media & telecommunications

Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...

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Travel, tourism & leisure

The travel, tourism and leisure industry is undergoing dramatic change: consumers are now calling the shots. Grant Thornton’s global network of industry...

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Tax & Legal

Multilateral Convention to Implement Tax Treaty

02 Jul 2022

Thailand signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI)

Early this year, Thailand has signed and deposited its instrument of ratification of the MLI which now covers over 1800 bilateral tax treaties. This is a strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by MNEs. The convention will enter into force from 1 July 2022.

MLI is a tool developed by OECD to combat the problems relating to hybrid mismatches, treaty abuse, avoidance of PE and mutual agreement procedures. MLI offers concrete solutions for governments to close the gaps in existing international tax rules. It consists of 7 parts and 39 articles. However, Thailand chooses to apply the following provisions:

Article	Description
Part 2 Hybrid Mismatches
Article 5	Amend the elimination of double tax provision by changing the method for elimination of double tax from tax exemption to tax credit for prevent non-taxation in both countries.
Part 3 Treaty Abuse
Article 6	Amend the context on the name and preamble to prevent misuse of DTA and prevent the non-taxation for both countries.
Article 7	Add new provision so-called Principal Purpose Test (PPT) to deny tax benefits if one of the principal purpose is to obtain the tax benefits under the treaty
Part 4 Avoidance of Permanent Establishment Status
Article 12	Amend Permanent Establishment (PE) provision to have a measure for preventing the avoidance of PE status through Commissionaire Arrangements and Similar Strategies.
Article 13	Amend the PE provision by specifying the activities exempted from being considered as PE and stipulating the measure for considering the distribution of work between related company that may be deemed as the avoidance of PE status.
Article 14	Amend PE provision to have a measure for preventing the splitting of the agreement for related company to avoid the period condition of PE.
Article 15	Amend PE provision by adding the definition of related company to avoid the PE status.
Part 5 Improving Dispute Resolution
Article 16-17	Amend the wording on mutual agreement procedure provision and the related company provision pursuant to the wording specified in OECD Model Tax Convention (2017).

Thailand’s position for MLI will cover 58 tax treaties except Netherlands, Norway, and Chinese Taipei which we assume that Thailand will re-negotiate and revise the tax treaty with each country separately.

Our view

MLI could impact tax structure of all MNEs doing business in Thailand. It is recommended to revisit your tax structure. We can help you navigate MLI and understand what it means to your business and structure.

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Multilateral Convention to Implement Tax Treaty

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