Mazars in Thailand technical update - February 2021

Mazars in Thailand’s Technical Update 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, IFRS, writing off bad debts, transfer pricing disclosure, VAT on e-services, International Procurement Office, business combinations under common control, IASB, IPTF

5 March 2021


  • Amendment of debt thresholds for writing off bad debts
  • Requirement for electronic filing of the transfer pricing disclosure form
  • VAT imposed on e-services


  • Reinstatement of International Procurement Office and new investment projects for the care of the elderly and clinical research business activities
  • Year-ended 31 December 2020 filing deadlines reminder


  • Accounting for a prepayment in foreign currency


  • 2021 – the year ahead
  • Supplementary IASB meeting on COVID-19-related rent concessions
  • Publication of an exposure draft on accounting for regulatory assets and liabilities
  • Educational material on going concern and disclosures
  • IPTF publishes document for discussion on hyperinflationary economies
  • Discussion Paper on Business Combinations under Common Control


Mazars in Thailand technical update – February 2021
Mazars in Thailand technical update – February 2021