tomster Posted August 30, 2023 Share Posted August 30, 2023 I have a company that is only there for a domain name registration, it's not active in any way. I completely forgot to do the end of year balance sheet for 2022 and when I asked my bookkeeper to go ahead and submit it, she has said there is a 16k fine for late submission, which sounded a bit steep... After Googling it, it looks like i need a letter from the police and the 16k is the max fine that can be issued: https://www.companythailand.net/penalty-rate-for-delayed-submission-of-financial-statement/ Has anybody done this with a dormant company - did you have to pay the full 16k? Many thanks in advance. Link to comment Share on other sites More sharing options...
Sydebolle Posted August 31, 2023 Share Posted August 31, 2023 I was late once (2022) and fined officially THB 2,000 - in Chonburi that was. 1 Link to comment Share on other sites More sharing options...
Eleftheros Posted August 31, 2023 Share Posted August 31, 2023 The total bill will be 20K baht, according to an accounting firm I deal with. First, the Commercial Department sends a letter warning you to complete the financial year statement. If you ignore that, the police send you a letter saying you have been fined 16,000 baht. There is an extra 4,000 baht payable to the Revenue Department on top of that. Link to comment Share on other sites More sharing options...
AngryMan Posted August 31, 2023 Share Posted August 31, 2023 Sorry a little bit off topic but, is there any sort of "Statute of Limitations" for failing to close an active company down and just leaving the kingdom? Thank you in advance for any information...???? Link to comment Share on other sites More sharing options...
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