Trade & Commerce Bangkok Client Alert September 2015 www.bakermckenzie.com Bangkok 5th Floor and 21st-25th Floors 990 Abdulrahim Place Rama IV Road, Silom, Bangrak Bangkok 10500 Thailand © 2015 Baker & McKenzie. All rights reserved. Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a “partner” means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an “office” means an office of any such law firm. For further information please contact: Wanee Visitvudhikul +66 2636 2000 ext. 4073 firstname.lastname@example.org Nuntavadee Nikornphan +66 2636 2000 ext. 4339 email@example.com Waratchaya Tungsuwan +66 2636 2000 ext. 4359 firstname.lastname@example.org New e-filing requirement for financial statements The Department of Business Development, Ministry of Commerce (“MOC”) issued an announcement, dated 4 September 2015, regarding the electronic submission of audited financial statements (“e-filing”) by private and public limited companies. The MOC aims to have all companies submit their financial statements electronically by 2016. In order to start the e-filing process, the MOC announced that every company is encouraged to apply for a username and password no later than 30 September 2015 by submitting an application, along with board resolution/consent. As a relaxation to the requirement, a company that is not yet ready to file electronically may submit financial statements in hard copy to the MOC. However, the company must also submit the financial statements electronically within 30 days in order to constitute a valid and effective filing in accordance with the law. We will keep you informed of further updates as they occur.