Bangkok: The government reminds legal entities to submit their financial statements via DBD e-Filing by June 2nd. The government emphasizes that this enhances credibility and supports the digital economy.

According to Thai News Agency, Ms. Lalida Periswiwatana, Deputy Spokesperson for the Prime Minister's Office, revealed that the government, through the Ministry of Commerce, is requesting cooperation from legal entities with accounting years ending on December 31, 2025, to expedite the submission of their financial statements through the online DBD e-Filing system by June 2, 2026, in order to comply with the legally mandated timeframe.

The Department of Business Development revealed that by 2026, approximately 907,151 legal entities are required to submit financial statements. Currently, 104,369 entities have submitted them, representing 12 percent. Financial statements are considered crucial information reflecting a business's performance, used to inform decision-making by management, shareholders, business partners, and investors, and also serve as a tool for building business credibility.

Regarding deadlines, limited liability companies, public limited companies, trade associations, and chambers of commerce must hold shareholder meetings to approve financial statements by April 30, 2026, and submit them within four months of the end of their fiscal year. This year, the deadline falls on a holiday, so submissions can be extended to June 2, 2026. Registered partnerships, joint ventures, and foreign legal entities can submit their financial statements within five months of the end of their fiscal year, which is also due this year on June 2, 2026.

Ms. Lalida stated that if a legal entity fails to submit financial statements on time, it will affect the credibility of the business. Furthermore, failure to submit them for more than three consecutive accounting years may result in the entity being considered dormant and its name being removed from the database.

Therefore, businesses are advised to submit their financial statements early to reduce system congestion and allow time for corrections if any deficiencies are found. Submitting through the DBD e-Filing system increases convenience and speed, reduces paperwork costs, and concretely supports the drive for Thai businesses towards a digital economy.