Filing financial statements and updated BOJ 5
On 4 December 2019, the Department of Business Development (“DBD”) issued guidelines on filing financial statements (“FS”) as of 31 December 2019 and shareholders’ list (BOJ 5).
Keywords: Mazars, Thailand, Legal, DBD, Financial statements, BOJ 5
4 March 2020
Details on filing online for Thai limited companies and foreign legal entities are set out below:
Entities | Actions required | ||
Shareholders’ Meeting | Submission to the DBD | ||
BOJ 5 | FS | ||
Foreign legal entities | X | X | ✓ Within 5 months of the fiscal year-end *By 31 May 2020 |
Thai limited companies | ✓ Within 4 months of the fiscal year-end *By 30 April 2020 | ✓ Within 14 days of the shareholders’ meeting *By 14 May 2020 | ✓ Within 1 month of the shareholders’ meeting *By 31 May 2020 |
Entities | Penalties for filing late | ||
Shareholders’ Meeting | Submission to the DBD | ||
BOJ 5 | FS | ||
Foreign legal entities | X | X | ✓ Not over THB 50,000
|
Thai limited companies | ✓ Not over THB 20,000
| ✓ Not over THB 10,000
| ✓ Not over THB 50,000
|
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