Mazars in Thailand technical update – August 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, VAT, e-Services, BOI, R&D SMEs, TFRS 15

3 September 2021

Tax

  • Update on VAT registration of e-services
  • Tax filing deadline extensions
  • Waiver or reduction of tax penalties
  • Extension of the reduced value-added tax rate

Legal

  • New BOI-related merit-based incentives related to R&D
  • New guidelines on unfair trade practices regarding credit terms for SMEs

Accounting

  • Accounting for a significant financing component in a contract with a customer under TFRS 15 “Revenue from Contracts with Customers”

Document

Mazars in Thailand technical update - August 2021
Mazars in Thailand technical update - August 2021