Mazars in Thailand technical update – September 2022

Keywords: Mazars, Thailand, Tax, Legal, Accounting, Sustainability, IFRS, Revenue Department, SMEs, COVID-19, IFRS IC, ISSB

3 October 2022

Tax

• Income tax exemption for gains from disposal of shares in companies in targeted industries
• Filing past due tax returns through the Revenue Department’s e-filing system

Legal

• Overtime work

Accounting

• Recognizing a government subsidy to SMEs for COVID-19

IFRS

• IFRS IC agenda decision on negative low emission vehicle credits
• IFRS IC agenda decision on transfer of insurance coverage under a group of annuity contracts
• IFRS IC agenda decision on SPACs: classification of public shares as financial liabilities or equity
• Redeliberations continue on Primary Financial Statements project
• IASB publishes work plan priorities for 2022-2026
• New appointment to IFRS Interpretations Committee

Sustainability

• ISSB reaches full complement of members
• Update on Sustainability – September 2022