Mazars in Thailand technical update - September 2023

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


  • Thailand Tax – Foreign-sourced income to become taxable from 2024
  • Thai personal income withholding tax to be filed in 2024
  • Reduced VAT rate of 7% is extended for another year


  • Recording the cost of machinery: Payment in instalments and on delivery


  • Amendments to IAS 21 – Lack of Exchangeability
  • Renewable power purchase agreements: draft narrow-scope amendments to IFRS 9
  • Standards on the presentation of financial statements and on disclosures by subsidiaries not subject to public disclosure requirements announced for the first half of 2024
  • Taking climate-related matters into account in IFRS financial statements
  • IPTF publishes working document on hyperinflationary economies


  • ISSB Sustainability Disclosure Standards: final versions of IFRS S1 and IFRS S2 issued


  • Governance of Digital Platforms


Technical update - September 2023
Technical update - September 2023