Mazars in Thailand technical update – August 2021
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Mazars in Thailand technical update – August 2021
Mazars in Thailand’s Technical Update – August 2021 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”
