The Thai Revenue Department and the Department of Business Development announced relief measures for corporations in response to the coronavirus (COVID-19) pandemic.
The relief measures are intended to ease compliances with corporate requirements—such as regarding the annual meeting of shareholders. Typically, the annual shareholders meeting would be required within four months of the end of the accounting period. This timeline has been extended, but there is not specific rule when the meeting must be held.
Other relief concerns the deadline for submission of audited financial statements.
Read an April 2020 report prepared by the KPMG member firm in Thailand
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