Mazars in Thailand technical update – March 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, CCC, TFRS, TAS, IAS 1, IAS 8, COVID-19, Rent concessions, Sustainability reporting standards

1 April 2021

Tax

  • Adjustment of revenue and expenses in relation to related-party transactions

Legal

  • Proposed lower interest rates and new rules for default interest on debts paid in instalments under the Civil and Commercial Code

Accounting

  • Revised and Amended Thai Financial Reporting Standards (“TFRS”) and Thai Accounting Standards (“TAS”)

IFRS

  • Amendments to IAS 1 on disclosure of accounting policies
  • Amendments to IAS 8 on accounting estimates
  • Exposure Draft on Covid-19-related rent concessions beyond 30 June 2021
  • IFRS Foundation continues work on sustainability reporting standards

Document

Mazars in Thailand technical update - March 2021
Mazars in Thailand technical update - March 2021