Mazars in Thailand technical update - October 2020
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Mazars in Thailand technical update - October 2020
Mazars in Thailand’s Technical Update - October 2020 contains a number of interesting articles on Tax, Legal, Audit and Accounting that will be important to your business.
Keywords: Mazars, Thailand, Tax, Accounting, Legal, IFRS, Audit, Personal income tax, corporate income tax, foreign currencies, Civil and Commercial Code, IFRS IC, European Union
2 November 2020
Tax
- Personal income tax deduction for the purchase of domestic goods or services
- Use of foreign currencies as functional currencies for corporate income tax purposes
- Additional deduction for an investment in new machinery
Legal
- Additional amendments of provisions of the Civil and Commercial Code related to limited companies
Accounting
- Recognition of a restructuring provision
IFRS
- Tentative IFRS IC decision on a sale and leaseback transaction via the sale of equity interest in a subsidiary
- Standard-setting for global sustainability and the role of the IFRS Foundation
- The European Union enters the race to standardise non-financial reporting
