Mazars in Thailand technical update – April 2022

Keywords: Mazars, Thailand, Tax, Legal, Accounting, IFRS, Sustainability, COVID-19, Social Security Fund, Transfer Pricing, DBD, BOI, IFRS IC, IPTF, ISSB

3 May 2022

Tax

• Additional deduction for the purchase of biodegradable plastic products
• Additional deduction for the purchase of COVID-19 antigen self-test kits
• Reduction in Social Security Fund contributions
• Update on the transfer-pricing disclosure form

Legal

• Changing company information through the DBD e-filing system
• BOI to provide incentives to certain start-ups
• BOI policy to provide incentives to businesses reducing greenhouse gas emissions

Accounting

• Accounting for earnings per share

IFRS

• New Chair for IFRS IC
• IFRS IC publishes final agenda decision on TLTRO III programme
• Redeliberations continue on Primary Financial Statements project
• IPTF adds Turkey to list of hyperinflationary economies
• Publication of IFRS Accounting Taxonomy 2022
• Focus on some accounting consequences of the war in Ukraine and the sanctions against Russia

Sustainability

• Sustainability reporting: EFRAG and ISSB finalise governance structures, and first public consultations are launched
• Two new reports published by Platform on Sustainable Finance