My WP was expiring on May 20th but I was stuck in Canada. My staff went to Labour Dept and asked if I could take my medical in Canada and submit that for the renewal. They refused. So I was going to let it lapse, but luckily my staff was told on the spot that it was a 20,000 Baht fine if I did not cancel it on my own within 3 weeks (it could have been a month). It seems they do this to ensure we keep our paperwork in order and make their life a little easier. So I cancel, and was immediately told that my NonB, which was good until Feb 2021, was automatically canceled. So now I have to start all over. Lots fund huh?
Re the wind up costs, I have been quoted similar, but agree with Yankee99 that you might be able to do some or most of it on your own if there never was any revenue or expenses or VAT, etc. Paying 25,000 Baht for an audit is plain highway robbery. I was a CPA in a previous life, and can tell you that it will a matter of minutes to get your audit done.
Good luck. Let us know how the wind up works for you. I might be winding mine up too and moving on to other pastures.
Let company go defunct or pay 80k?
in Jobs, Economy, Banking, Business, Investments
Posted
My WP was expiring on May 20th but I was stuck in Canada. My staff went to Labour Dept and asked if I could take my medical in Canada and submit that for the renewal. They refused. So I was going to let it lapse, but luckily my staff was told on the spot that it was a 20,000 Baht fine if I did not cancel it on my own within 3 weeks (it could have been a month). It seems they do this to ensure we keep our paperwork in order and make their life a little easier. So I cancel, and was immediately told that my NonB, which was good until Feb 2021, was automatically canceled. So now I have to start all over. Lots fund huh?
Re the wind up costs, I have been quoted similar, but agree with Yankee99 that you might be able to do some or most of it on your own if there never was any revenue or expenses or VAT, etc. Paying 25,000 Baht for an audit is plain highway robbery. I was a CPA in a previous life, and can tell you that it will a matter of minutes to get your audit done.
Good luck. Let us know how the wind up works for you. I might be winding mine up too and moving on to other pastures.