E- Fil­ing of Au­dited Fi­nan­cial State­ments Be­comes Com­pul­sory in 2016

Thai-American Business (T-AB) Magazine - - Legal Updates -

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.

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