Mazars in Thailand technical update – October 2021

Keywords: Mazars, Thailand, Tax, Legal, Accounting, IFRS, Transfer-pricing, BOI, IASB, IFRS 9, IFRS 17

1 November 2021

Tax

• Information / documents required for the local transfer-pricing file
• Requirements for Country-by-Country Report in Thailand
• New e-filing system

Legal

• Notification of foreigners working for company receiving BOI incentives
• New law on digital platforms providing services

Accounting

• Exposure Draft 2021/8: Initial Application of IFRS 17 and IFRS 9 – Comparative Information

IFRS

• IASB launches IFRS 9 post-implementation review
• Update on Discussion Paper on business combinations and impairment tests
• Ongoing IASB deliberations on presentation of financial statements