Accounting Section - Doing Business

You will find here a series of summaries providing an overview of useful accounting regulations, processes and accounting issues for Doing Business in Thailand.

Exposure Draft of Thai Standards on Auditing 540

On 24 January 2020, The Federation of Accounting Professions (“TFAC”) released the exposure draft (“ED”) of Thai Standard on Auditing (“TSA”) 540 (revised) for public hearing and comments.

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Recognition of related-party recharges

Tax coupons for duty and tax paid on exported goods in Thailand

Accounting for a non-refundable up-front fee

How to account for a non-refundable up-front fee paid to a customer?

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Accounting for Unpaid Share capital

On 15 June 2018, a new company (“the Company”) was set up, having registered share capital of THB 20 million consisting of 200,000 ordinary shares at a par value of THB 100. On the same date, 25% of the registered share capital was paid up.

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