Blog / Penalties for late submission of Financial Statements to the DBD
All companies registered in Thailand must submit their audited Financial Statements to the Department of Business Development (DBD) annually. Late submission — or non-submission — results in fines applied to both the company and its directors.
Less than 2 months late
| Entity Type | Company Fine (฿) | Director Fine (฿) | Total (฿) |
|---|
| Registered Partnership | 1,000 | 1,000 | 2,000 |
| Company Limited | 1,000 | 1,000 | 2,000 |
| Representative / Regional Office / Branch | 2,000 | 2,000 | 4,000 |
| Public Company Limited | 2,000 | 2,000 | 4,000 |
| Joint Venture | 2,000 | — | 2,000 |
2 to 4 months late
| Entity Type | Company Fine (฿) | Director Fine (฿) | Total (฿) |
|---|
| Registered Partnership | 4,000 | 4,000 | 8,000 |
| Company Limited | 4,000 | 4,000 | 8,000 |
| Representative / Regional Office / Branch | 24,000 | 24,000 | 48,000 |
| Public Company Limited | 24,000 | 24,000 | 48,000 |
| Joint Venture | 24,000 | — | 24,000 |
More than 4 months late or non-submission
| Entity Type | Company Fine (฿) | Director Fine (฿) | Total (฿) |
|---|
| Registered Partnership | 6,000 | 6,000 | 12,000 |
| Company Limited | 6,000 | 6,000 | 12,000 |
| Representative / Regional Office / Branch | 36,000 | 36,000 | 72,000 |
| Public Company Limited | 36,000 | 36,000 | 72,000 |
| Joint Venture | 36,000 | — | 36,000 |
Important: Financial statements must be audited by a certified auditor before submission to the DBD. BizStep works with accredited auditors —
contact us for more information.