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.
Declaring and paying dividends
A dividend is the distribution of profits to a company’s shareholders – a portion of the profits earned and allocated as payable to shareholders when declared.
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.