Mazars Thailand Technical Update – November 2015
Mazars Thailand Technical Update – November 2015
Keywords: Mazars, Thailand, Tax, Legal, Payroll, Accounting, IFRS, IFRS 16, IAS 21, IAS12, SEDZ, PIT, LTF, IASB
In the November 2015 update, we focus on.
Tax
- Tax issues that the New Year brings
- Thai sourced income and residence rules for personal income tax purposes
Legal
- Proposal to boost investment in Special Economic Development Zones
- Tax waived on cars and motorcycles used for testing
Payroll
- Tax deductions for LTF contributions get three year extension
- Reduced personal income tax rates extended for another year
Accounting
- Accounting policies, accounting estimates, and errors
IFRS
- Effective date of IFRS 16 tentatively set at 1 January 2019
- IASB consults on the application of materiality to financial statements
- IASB publishes draft interpretation on uncertain tax positions (IAS 12)
- IASB publishes draft interpretation on foreign currency transactions including advance consideration (IAS 21)
To get a complimentary copy of the Mazars Thailand Technical Update, click on the link below.