Mazars in Thailand technical update - October 2023

Tax

• Q&A published on foreign-sourced income

Accounting

• Non-current Assets Held for Sale – Current practice for NPAEs

IFRS

• IASB amends IFRS for SMEs standard in line with international tax reform
• IASB publishes exposure draft on volume 11 of Improvements to IFRSs
• Discussion on the equity method
• New steer for IASB project on climate-related risks in the financial statements

Sustainability

• ISSB announces membership of Transition Implementation Group
• TNFD publishes recommendations on management of nature-related risks and associated disclosures

Legal

• Guidelines on the conditions for applying for BOI investment incentives for developing software, a digital platform, or digital content