Forvis Mazars in Thailand technical update - March 2025

Tax

• Thailand enacts global minimum tax: Key implications of the Emergency Decree on Top-Up Tax B.E. 2567
• Carbon pricing in excise tax rates

Legal

• Amendments to work permit regulations for foreigners in Thailand

Accounting

• Recognition of Top-up Tax in the Q1 2025 financial statements

IFRS

• Appointment of a Trustee of the IFRS Foundation
• Appointment of the Chair of the IFRS Advisory Council

Sustainability

• ISSB update January 2025 – Proposed amendments to IFRS S2
• ISSB update – February 2025 meeting
• Jurisdictional consultations on adoption of ISSB Standards
• Deep dive into the first “Omnibus” on sustainability: focus on proposed changes to the CSRD and EU Taxonomy