Warning to Businesses: Submit 2568 Financial Statements by June 2 or Face Penalties
Businesses must submit 2568 financial statements to Thailand's Department of Business Development by June 2, 2569, or face legal penalties and potential deregistration.
The Department of Business Development has warned entrepreneurs to submit their financial statements for the accounting year ending December 31, 2568, by June 2, 2569, or face legal penalties.
Department Director Poonpong Naiyanaphakon of the Commerce Ministry stated that filing financial statements is a legal obligation for all businesses. Companies with accounting years ending December 31, 2568, must pay close attention to deadlines. Limited companies, public companies, trade associations, and chambers of commerce must obtain shareholder approval for financial statements by April 30, 2569, and submit them to the Department within one month of the meeting. Registered partnerships, joint ventures, and foreign entities have until June 2, 2569, as the final deadline.
To ensure convenience and accuracy, the department encourages all juristic persons to use the DBD e-Filing system, which operates 24/7. Simply log in at efiling.dbd.go.th and select the "Submit Financial Statements" menu. Successful submission will show a "Notification Received" status.
"The Department of Business Development urges the business sector not to wait until the last minute," Poonpong stated. "If document errors occur or the system becomes congested, it could result in serious consequences: (1) legal penalties affecting both the juristic person and individual authorized directors; (2) damage to business reputation and credit, as non-submission will show a 'Default Status' that erodes confidence from investors, partners, and financial institutions, causing missed investment opportunities; and (3) risk of legal summons, and if filing defaults continue for three years, the company will be deregistered as an abandoned business."
He urged businesses with completed financial statements to submit immediately to allow time for corrections if any defects are found. "Don't let delays destroy the business credibility you've built. Act quickly. The department would prefer not to assess penalties or pursue legal action against the business sector," he said.
User guides are available at efiling.dbd.go.th under "System User Manual." For assistance, the Department has prepared a task force team ready to provide urgent guidance through multiple channels: (1) Line Official by adding friend @sxw0580y; (2) Phone numbers 0 2547 4377, 0 2547 4385, and 0 2547 5978.
