Mazars in Thailand technical update – June 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, E commerce, Foreign Business Act, Revenue recognition, Instalment sales, IASB, IAS 12, IFRS IC, IAS 19

5 July 2021

Tax

  • E commerce tax rulings

Legal

  • New way for a foreign legal entity conducting an unrestricted business activity under the Foreign Business Act to request a corporate registration number

Accounting

  • Revenue recognition for instalment sales

IFRS

  • IASB publishes amendments to IAS 12, “Deferred Tax related to Assets and Liabilities arising from a Single Transaction”
  • IFRS IC publishes agenda decision on Attributing Benefit to Periods of Service (IAS 19)
  • Redeliberations continue on Primary Financial Statements project
  • IASB publishes exposure draft to replace IFRS Practice Statement 1 – Management Commentary

Document

Mazars in Thailand technical update - June 2021
Mazars in Thailand technical update - June 2021