Mazars in Thailand technical update - April 2023

Keywords: Mazars, Thailand, Accounting, Tax, Legal, IFRS, Sustainability, IASB, ISSB

2 May 2023

Tax

• Thailand to start the automatic exchange of information this year
• Reduction in tax on land and buildings

Accounting

• Amortization of goodwill arising from an acquisition

IFRS

• Redeliberations on the Primary Financial Statements project
• Exposure Draft of proposed amendments to IFRS 9 and IFRS 7 on the classification and measurement of financial instruments
• Redeliberations continue on Goodwill and Impairment project
• IASB discussions of the Equity Method project
• Project on Climate-related Risks in the Financial Statements
• Conclusion of the Targeted Standards-level Review of Disclosures
• Publication of the IFRS Accounting Taxonomy 2023

Sustainability

• ISSB publishes summary of the IFRS Sustainability Symposium
• ISSB’s future work plan: potential project on integrated reporting
• European Sustainability Reporting Standards