Mazars Thailand Technical Update – April 2019

Mazars 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, TFRS 15, IFRS, IFRS IC, IASB, IAS 23, IFRS 9, IAS 39

02 May 2019


  • Consent required for interest on savings to be tax exempt


  • Filing the list of shareholders and financial statements
  • Financial statements as of 31 December 2018 of a limited company required for visa extension


  • Guidance on TFRS 15, “Revenue from Contracts with Customers”


  • Implementation period for accounting policy changes resulting from IFRS IC agenda decisions
  • IASB publishes update on Principles of Disclosure project
  • Taking account of credit enhancement in the measurement of expected credit losses
  • Presentation of ‘cured’ credit-impaired financial assets in the statement of profit or loss
  • Real estate development and borrowing costs (IAS 23)
  • Customer’s right to receive access to a supplier’s software hosted on the cloud
  • Physical settlement of contracts to buy or sell non-financial items (IFRS 9)
  • Application of the ‘highly probable’ criterion when the notional amount of the hedging instrument is dependent on the outcome of the hedged item (IAS 39/IFRS 9)