Mazars in Thailand technical update – June 2022

Mazars in Thailand’s Technical Update - June 2022 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, Sustainability, Inventory, CIT, IDC, PDPA, TFRS, NPAEs, IFRS IC, IFRS 15, IASB, ESMA, ISSB, EFRAG

4 July 2022


  • Tax issues relating to trading inventory


  • New criteria for providing corporate income tax incentives to international distribution centres
  • New non-tax-related incentives for legal entities that are majority foreign-owned
  • Small enterprises exempt from preparing certain records of processing activities as set out in the Personal Data Protection Act


  • Exposure draft of TFRS for NPAEs


  • Redeliberations continue on Primary Financial Statements project
  • Sixth compilation of IFRS IC agenda decisions published
  • IFRS IC agenda decision on whether a software reseller is an agent or principal under IFRS 15
  • New IASB appointments
  • Standards and Interpretations applicable at 30 June 2022
  • ESMA highlights key issues for 2022 interim reporting raised by Russia’s invasion of Ukraine


  • ISSB and EFRAG draft standards on sustainability disclosures: a comparative analysis


Mazars in Thailand technical update - June 2022