Mazars in Thailand technical update - May 2023

Mazars in Thailand’s Technical Update - May 2023 contains a number of interesting articles on Accounting, Tax, Legal, IFRS and Sustainability that will be important to your business.

Keywords: Mazars, Thailand, Accounting, Tax, Legal, IFRS, Sustainability, IASB, ISSB, VAT

31 May 2023 


  • Thailand on implementing Global Minimum Tax Rules under OECD's BEPS 2.0 Pillar Two


  • Amendment of Qualifications, Criteria and Conditions for Smart Visa
  • Amendment of Qualifications, Criteria and Conditions for LTR Visa


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


  • IFRS IC agenda decision on definition of a lease: level of evaluation and substitution rights
  • OECD Pillar Two: publication of final amendments to IAS 12 expected by end of May
  • Discussions on the equity method
  • IFRS IC members reappointed


  • ISSB: new transition relief for first-time publication of sustainability-related information under IFRS
  • First-time application of IFRS S1 and S2: creation of a Transition Implementation Group
  • ISSB: upcoming public consultations on the Board’s future work plan and the exposure draft on the international applicability of SASB standards


Technical update May 2023
Technical update May 2023