Financial Reporting Services

Yes. Every Thai limited company (บริษัทจำกัด) and juristic partnership registered under the Civil and Commercial Code must file audited financial statements annually — there is no revenue or size exemption. The only narrow exception covers registered partnerships where capital, assets, and revenue all fall under specific Ministerial Regulation thresholds. Penalties for non-filing reach THB 200,000 under the Accounting Act, plus director-level fines.

TFRS for NPAEs (Non-Publicly Accountable Entities) is the simplified reporting framework for Thai SMEs — every registered company that is not a listed entity, financial institution, or insurance company. The revised version, effective from 1 January 2023 per FAP Notification, added requirements for cash-flow disclosure, consolidated statements (where applicable), and tightened note disclosures. Statements prepared under the pre-2023 version are increasingly rejected by auditors.

No. Paper filings have not been accepted since 1 April 2020. All financial statements and the Bor.Or.Jor.5 shareholder list must be submitted through the DBD e-Filing portal at efiling.dbd.go.th. The portal requires a registered authorised signatory, digital authentication, and upload in DBD's prescribed XBRL-tagged format. Companies that hand their accountant a PDF and expect paper filing are now the most common cause of automatic late-filing penalties.

The legal sequence is: AGM by 30 April 2026 (within 4 months of year-end per CCC Section 1197), Bor.Or.Jor.5 filed within 14 days of the AGM, audited financial statements filed with DBD within 1 month of AGM approval. DBD has confirmed the practical filing deadline of 2 June 2026. PND 50 corporate income tax return is due by 30 May 2026 (within 150 days of year-end).

TFRS for NPAEs is a simplified framework that is not IFRS-equivalent. If your parent reports under IFRS, expect to produce Thai statutory statements under TFRS for NPAEs for DBD and the Revenue Department, plus an IFRS reporting pack for group consolidation. Plizz handles both as a single engagement when the client is a DFK International member-firm referral — one team, one timeline, no bridging gap.

A mismatch is the single most common Revenue Department audit trigger for SMEs. Revenue Code Section 69 requires PND 50 income to correspond to the financial-statement income; differences must be explained on the reconciliation schedule. Unexplained mismatches lead to a desk audit, supporting-document request, and potential reassessment with 1.5% per month surcharges plus a THB 2,000 flat fine under Section 35. Plizz's reporting and tax-filing teams reconcile both before either is signed.

Bookkeeping records transactions monthly (the data layer). Financial reporting closes the books at year-end and produces formal statements and notes (the preparation layer). Audit is an independent FAP-licensed CPA's opinion on those statements (the assurance layer). Plizz's monthly bookkeeping packages bundle bi-annual reporting at no extra fee. Statutory audit is performed by a separate CPA firm and quoted separately.

Plizz-prepared statements follow TFRS for NPAEs (revised 2022) and are signed off by a FAP-licensed auditor. Statements in this format are accepted by Thai commercial banks, the Revenue Department, DBD, and international investors performing due diligence in Thailand. Most due-diligence reviewers complete financial statement review within 1–2 weeks when statements are prepared to this standard versus 4–8 weeks for clean-up of non-compliant statements.