Mazars Thailand Technical Update – April 2019
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Mazars Thailand Technical Update – April 2019
Mazars Thailand’s Technical Update – April 2019 contains a number of interesting articles on Tax, Legal, Audit and Accounting that will be important to your business.
Keywords: Mazars, Thailand, Tax, Legal, Accounting, TFRS 15, IFRS, IFRS IC, IASB, IAS 23, IFRS 9, IAS 39
02 May 2019
Tax
- Consent required for interest on savings to be tax exempt
Legal
- Filing the list of shareholders and financial statements
- Financial statements as of 31 December 2018 of a limited company required for visa extension
Accounting
- Guidance on TFRS 15, “Revenue from Contracts with Customers”
IFRS
- Implementation period for accounting policy changes resulting from IFRS IC agenda decisions
- IASB publishes update on Principles of Disclosure project
- Taking account of credit enhancement in the measurement of expected credit losses
- Presentation of ‘cured’ credit-impaired financial assets in the statement of profit or loss
- Real estate development and borrowing costs (IAS 23)
- Customer’s right to receive access to a supplier’s software hosted on the cloud
- Physical settlement of contracts to buy or sell non-financial items (IFRS 9)
- Application of the ‘highly probable’ criterion when the notional amount of the hedging instrument is dependent on the outcome of the hedged item (IAS 39/IFRS 9)
