E- Filing of Audited Financial Statements Becomes Compulsory in 2016
On September 4, Thailand’s Department of Business Development ( DBD) implemented the “DBD e- filing” system, which is used to file audited financial statements online. The DBD e- filing system entirely replaces the old system of submitting hardcopy documents, which will be phased out with effect in 2016. All juristic persons with an accounting duty should have acquired their DBD e- filing system username and password from the Business Information Division or the Office of Commercial Affairs. The username and password replace the signatures that were previously required to be affixed on the annual audited financial statement, profit and loss account, copy of shareholders’ meeting report, Form Sor. Borchor 3, and Form Sor. BorChor 3/ 1. Juristic persons can file their audited financial statements on their own via the DBD e- filing system within May 30, 2016.
For more information contact Tilleke & Gibbins at lui. r@ tilleke. com.