Mazars Thailand Technical Update – October 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, IFRS, IFRIC, IFRS IC, VAT, Social Security Fund, Overtime hours, IFRS 16

1 November 2019

Tax

  • Reduced value-added tax rate extended

Legal

  • Single-service platform for automatic registration of an employer with the Social Security Fund
  • Overtime hours

Accounting

  • Non-refundable up-front fee

IFRS

  • IFRS IC agenda decision on determining incremental borrowing rate under IFRS 16
  • Progress report on Goodwill and Impairment project
  • Presentation of assets or liabilities related to uncertain tax positions