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.
Exposure draft of TFRS for NPAEs
Continuing on from the previous newsletter, the details of main changes in the revised Thai Financial Reporting Standards for Non-publicly Accountable Entities (“TFRS for NPAEs”) which are expected to become effective on 1 January 2023 are set out below.
Exposure draft of TFRS for NPAEs
Exposure draft of TFRS for NPAEs
The current Thai Financial Reporting Standards for Non-publicly Accountable Entities (“TFRS for NPAEs”) came into effect on 1 January 2011. Since then, businesses and their transactions have become more varied in terms of type, size, and stakeholders or related parties.
Accounting for earnings per share
Assistance to debtors affected by COVID-19
The guidance, published in the Royal Gazette on 22 December 2021, addresses the temporary relaxation of measures for entities providing assistance to debtors affected by COVID-19 for the period from 1 January 2022 to 31 December 2023, or until the Bank of Thailand makes changes to such measures which must be complied with.