Keywords: Thailand, Accounting, Thai Federation of Accounting Professions, International Accounting Standards Board
The 4 interpretations are now in the process of being announced by Government Gazette.
- SIC 10: Government Assistance — No Specific Relation to Operating Activities
- SIC 21: Income Taxes — Recovery of Revalued Non-Depreciable Assets
- SIC 25: Income Taxes — Changes in the Tax Status of an Entity or its Shareholders
- SIC 31: Revenue — Barter Transactions Involving Advertising Services
The effective date is for accounting periods commencing on or after 1 January 2013 except for SIC 31 which is effective for accounting periods commencing on or after 1 January 2011.