Mazars in Thailand technical update - January 2021
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Mazars in Thailand technical update - January 2021
Mazars in Thailand’s Technical Update - January 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, Interest expenses, Electronic tax system, Land and building tax, Tax filing, Foreign currencies, Corporate income tax
09 February 2021
Tax
- Additional deduction of interest expenses
- Draft laws on tax measures to promote and support the electronic tax system
- Additional deduction for an investment in new machinery
- Extension of the grace period for filing a tax return electronically
- Reduction of land and building tax by 90% for 2021
- Tax filing deadline extensions
Legal
- Retirement and early retirement
Accounting
- Presenting the financial statements in a currency other than Thai baht
- Use of foreign currencies as functional currencies for corporate income tax purposes
