Post by : Shakul

The Thai government has reminded legal entities to submit their financial statements through the DBD e-Filing system by June 2, 2026, to comply with legal requirements and strengthen business credibility.

According to Lalida Periswiwatana, the Ministry of Commerce has requested cooperation from businesses whose accounting year ended on December 31, 2025, to complete their submissions within the specified timeframe.

The Department of Business Development stated that around 907,151 legal entities are required to submit financial statements this year. So far, only about 104,369 entities have completed the process, accounting for just 12 percent of the total.

Financial statements play a critical role in reflecting a company’s performance and are used by management, shareholders, investors, and business partners to make informed decisions. They also serve as an important tool in building trust and credibility in the business environment.

The government has outlined that companies such as limited liability companies, public companies, trade associations, and chambers of commerce must approve their financial statements by April 30, 2026, and submit them within four months of the end of their fiscal year. Due to a holiday, the deadline has been extended to June 2, 2026.

Other entities, including registered partnerships, joint ventures, and foreign legal entities, are allowed to submit their financial statements within five months of their fiscal year end, which also falls on June 2, 2026, this year.

Officials have warned that failure to submit financial statements on time may negatively impact business credibility. If a company fails to submit reports for more than three consecutive years, it may be classified as dormant and removed from the official database.

The government has encouraged businesses to complete their submissions early to avoid system congestion and allow time for corrections if needed. The use of the DBD e-Filing system is expected to improve efficiency, reduce paperwork, and support the country’s transition toward a digital economy.

#Thailand News #Economy #Business #Finance