Accounting Section - Doing Business
Explore a series of summaries providing an overview of useful accounting regulations, processes and accounting issues for doing business in Thailand.
Accounting under the AEC
The Handbook “Liberalisation of Professional Services through Mutual Recognition in ASEAN: Accountancy Services” provides guidance on the liberalisation of professional services in ASEAN.
Accounting for investments under TFRS for NPAEs
TFRS for NPAEs (Chapter 9 “Investments”) states that there are two types of investments in debt and equity securities.
Proposed clarifications to IFRS 15 published
As reported previously, the IASB published the exposure draft of its proposed clarifications to IFRS 15 on 30 July 2015.
E-filing of audited financial statements
The Department of Business Development (‘DBD’) has announced a new policy regarding the procedure for submitting audited financial statements online through the DBD e-filing service. This policy will be enforced for all legal entities starting from 2016.
Accounting for Lease Agreements
A lease is an agreement under which the lessor conveys the right to use an asset for an agreed-on period of time to the lessee in return for a payment or a series of payments.