Delay in effective date of TFRS for SMES

In November 2016, the Federation of Accounting Professions (“FAP”) announced that the effective date for applying the TFRS for SMEs has been postponed from 1 January 2017 to 1 January 2018, as FAP is in the process of translating and revising the TFRS for SMEs to comply with the IFRS for SMEs incorporates 2015 amendment.

Keywords: Mazars, Thailand, Accounting, TFRS, SMEs, FAP, IFRS

6 February 2017

In addition, some requirements of TFRS for SMEs upon first-time adoption that were announced earlier must be revised as well.

For more information (Thai), please visit Federation of Accounting Professionals.