Mazars in Thailand technical update – June 2021
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Mazars in Thailand technical update – June 2021
Mazars in Thailand’s Technical Update – June 2021 contains a number of interesting articles on Tax, Legal, Audit and Accounting that will be important to your business.
Keywords: Mazars, Thailand, Tax, Legal, Accounting, IFRS, E commerce, Foreign Business Act, Revenue recognition, Instalment sales, IASB, IAS 12, IFRS IC, IAS 19
5 July 2021
Tax
- E commerce tax rulings
Legal
- New way for a foreign legal entity conducting an unrestricted business activity under the Foreign Business Act to request a corporate registration number
Accounting
- Revenue recognition for instalment sales
IFRS
- IASB publishes amendments to IAS 12, “Deferred Tax related to Assets and Liabilities arising from a Single Transaction”
- IFRS IC publishes agenda decision on Attributing Benefit to Periods of Service (IAS 19)
- Redeliberations continue on Primary Financial Statements project
- IASB publishes exposure draft to replace IFRS Practice Statement 1 – Management Commentary
