Mazars Thailand Technical Update - June 2019
Mazars Thailand Technical Update - June 2019
Keywords: Mazars, Thailand, Tax, Legal, Accounting, Audit, IFRS, Personal Data Protection Act, Electronic Tax, Foreign Business Act, Treaty of Amity, IFRS 3 – Business Combinations
12 July 2019
Tax
- Additional tax deduction on expenses paid for investment in electronic tax system
Legal
- Further relaxation of the Foreign Business Act
- Remittance of minimum capital under the Treaty of Amity
- Personal Data Protection Act Published
Thai Accounting
- Recognition of Investment Property
IFRS
- Improvements to IFRSs – 2018-2020 Cycle
- Draft narrow-scope amendments to IFRS 3
- Standards and interpretations applicable at 30 June 2019