Mazars in Thailand technical update - May 2023
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Mazars in Thailand technical update - May 2023
Mazars in Thailand’s Technical Update - May 2023 contains a number of interesting articles on Accounting, Tax, Legal, IFRS and Sustainability that will be important to your business.
Keywords: Mazars, Thailand, Accounting, Tax, Legal, IFRS, Sustainability, IASB, ISSB, VAT
31 May 2023
Tax
- Thailand on implementing Global Minimum Tax Rules under OECD's BEPS 2.0 Pillar Two
Legal
- Amendment of Qualifications, Criteria and Conditions for Smart Visa
- Amendment of Qualifications, Criteria and Conditions for LTR Visa
Accounting
- Revised and Amended Thai Financial Reporting Standards (“TFRS”) and Thai Accounting Standards (“TAS”)
IFRS
- IFRS IC agenda decision on definition of a lease: level of evaluation and substitution rights
- OECD Pillar Two: publication of final amendments to IAS 12 expected by end of May
- Discussions on the equity method
- IFRS IC members reappointed
Sustainability
- ISSB: new transition relief for first-time publication of sustainability-related information under IFRS
- First-time application of IFRS S1 and S2: creation of a Transition Implementation Group
- ISSB: upcoming public consultations on the Board’s future work plan and the exposure draft on the international applicability of SASB standards
