Mazars in Thailand technical update – June 2022
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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
- Tax issues relating to trading inventory
Legal
- 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
Accounting
- Exposure draft of TFRS for NPAEs
IFRS
- 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
Sustainability
- ISSB and EFRAG draft standards on sustainability disclosures: a comparative analysis
