Penalties for late or non-submission of Financial Statements to the Department of Business Development (DBD), Ministry of Commerce

Submission not more than 2 months late:

             Type                        Fine (THB)  
Company                   Director/Partner/Person in charge
    Total Fine (THB)
Registered Partnership     1,000                        1,000   2,000
Company Limited     1,000                        1,000   2,000
Representative Office/Regional Office/Branch Office     2,000                        2,000   4,000
Public Company Limited     2,000                        2,000   4,000
Joint Venture     2,000                           –   2,000

Submission more than 2 months but not more than 4 months late:

             Type                        Fine (THB)  
Company                   Director/Partner/Person in charge
    Total Fine (THB)
Registered Partnership     4,000                        4,000   8,000
Company Limited     4,000                        4,000   8,000
Representative Office/Regional Office/Branch Office     24,000                        24,000   48,000
Public Company Limited     24,000                        24,000   48,000
Joint Venture     24,000                           –   24,000

Submission more than 4 months late or non-submission:

             Type                        Fine (THB)  
Company                   Director/Partner/Person in charge
    Total Fine (THB)
Registered Partnership     6,000                        6,000   12,000
Company Limited     6,000                        6,000   12,000
Representative Office/Regional Office/Branch Office     36,000                        36,000   72,000
Public Company Limited     36,000                        36,000   72,000
Joint Venture     36,000                           –   36,000