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.

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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Bill-and-hold arrangement

A bill-and-hold arrangement is a contract under which an entity bills a customer for a product but retains physical possession of the product until it is transferred to the customer at a future point in time.

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TFRS 15 – Revenue from contracts with customers

A new Thai Financial Reporting Standard, TFRS 15, ‘Revenue from contracts with customers’, has been issued and applies to accounting periods beginning on or after 1 January 2019.

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