Mazars in Thailand technical update – March 2021
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Mazars in Thailand technical update – March 2021
Mazars in Thailand’s Technical Update – March 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, CCC, TFRS, TAS, IAS 1, IAS 8, COVID-19, Rent concessions, Sustainability reporting standards
1 April 2021
Tax
- Adjustment of revenue and expenses in relation to related-party transactions
Legal
- Proposed lower interest rates and new rules for default interest on debts paid in instalments under the Civil and Commercial Code
Accounting
- Revised and Amended Thai Financial Reporting Standards (“TFRS”) and Thai Accounting Standards (“TAS”)
IFRS
- Amendments to IAS 1 on disclosure of accounting policies
- Amendments to IAS 8 on accounting estimates
- Exposure Draft on Covid-19-related rent concessions beyond 30 June 2021
- IFRS Foundation continues work on sustainability reporting standards
