IFRS Section - Doing Business

You will find here a series of summaries providing an overview of useful IFRS regulations, processes and IFRS issues for Doing Business in Thailand.

Ongoing IASB deliberations on the presentation of financial statements

During its October meeting, the IASB continued to redeliberate the proposals in the December 2019 exposure draft primarily focusing on the replacement of IAS 1 on the presentation of the financial statements.

Read more

Fifth compilation of IFRS IC agenda decisions

On 28 October 2021, the IFRS Foundation published the fifth compilation of IFRS Interpretations Committee (IFRS IC) agenda decisions, taken between April and October 2021.

Read more

IFRS IC on the accounting treatment of warrants

Following approval by the IASB in October, the IFRS IC published its final decision on the accounting treatment of warrants classified as financial liabilities on initial recognition. The request asked whether the issuer could subsequently reclassify the warrant as an equity instrument.

Read more

IFRS IC agenda decision on non-refundable VAT on lease payments

The IFRS Interpretations Committee (IFRS IC) had been asked whether or not non-refundable VAT on lease payments, either because of the nature of the leased property or because of the situation of the lessee, forms part of these lease payments.

Read more

Ongoing IASB deliberations on presentation of financial statements

In September, the IASB continued its deliberations following the December 2019 Exposure Draft issued with a view to the possible replacement of IAS 1 on the presentation of financial statements and the amendment of IAS 7 on the statement of cash flows.

Read more