Mazars Thailand Technical Update - June 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, Audit, IFRS, Personal Data Protection Act, Electronic Tax, Foreign Business Act, Treaty of Amity, IFRS 3 – Business Combinations

12 July 2019


  • Additional tax deduction on expenses paid for investment in electronic tax system


  • Further relaxation of the Foreign Business Act
  • Remittance of minimum capital under the Treaty of Amity
  • Personal Data Protection Act Published

Thai Accounting

  • Recognition of Investment Property


  • Improvements to IFRSs – 2018-2020 Cycle
  • Draft narrow-scope amendments to IFRS 3
  • Standards and interpretations applicable at 30 June 2019