DBD, Thailand Simplifies Regulatory Reporting using XBRL I n January 2015 the Department of Business Development (DBD) under the Ministry of Commerce (MoC), Thailand introduced XBRL for voluntary electronic submission (e-filing) of financial statements of legal entities /businesses for the FY2015 reporting period and onwards. This was done to facilitate rapid and accurate disclosures, vital for transparency, efficiency and accountability. Background The Department of Business Development (DBD), Thailand is the government regulator responsible for enforcing business laws and regulation of business in the country through registration, compliance and supervision. Thailand has approximately 550,000 active legal entities, of which over 500,000 are mandatorily required to submit fin

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