Due Diligence

At Kreston Thailand, our Due Diligence Services provide independent reviews of a business’s financial, tax, and operational position to support acquisitions, investments, and corporate transactions. We help you identify risks, validate assumptions, and gain confidence before committing.

Financial Due Diligence

We assess the quality, sustainability, and accuracy of reported financials:

• Review of revenue recognition policies and customer concentration
• Normalization of EBITDA and adjustments for non-recurring items
• Analysis of gross margins, fixed/variable costs, and profitability drivers
• Working capital analysis and identification of working capital requirements
• Assessment of debt and debt-like items impacting enterprise value
• Review of historical budgets vs. actuals

Tax Due Diligence

We assess the target’s tax compliance and risks under Thai tax law:

• Review of corporate tax filings and tax positions
• Assessment of VAT compliance and input/output reconciliations
• Withholding tax exposure on payments to vendors, landlords, and services
• Review of transfer pricing compliance and related-party transactions
• Review of pending tax audits, assessments, and disputes

Reporting

We provide tailored due diligence reports identifying risks, quantifying exposures, and suggesting mitigation measures. Reports highlight deal-critical issues that may affect price, structure, warranties, or indemnities.