Mazars Thailand Technical Update – February 2020

Mazars Thailand’s Technical Update – February 2020 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, Personal income tax, Personal Data Protection Act,Financial statements, IFRS 16, IAS 1, IASB

3 March 2020

Tax

  • Extension of deadline for filing annual personal income tax return
  • Double deduction of expenses paid for domestic training

Legal

  • Responsibilities and liabilities of ‘Data Controller’ and ‘Data Processor’ under the Personal Data Protection Act
  • Filing financial statements as of 31 December 2019 and updated shareholders’ list

Accounting

  • Exposure Draft of Thai Standards on Auditing 540 (Revised) – Auditing Accounting Estimates and Related Disclosures

IFRS

  • IFRS 16: shipping contracts and the right to direct the use of a ship
  • Amendments to IAS 1 on classification of liabilities as current or non-current
  • IASB publishes 2020 consultation schedule

Document

Mazars Thailand Technical Update – February 2020