Forvis Mazars in Thailand technical update - May 2024
Forvis Mazars in Thailand’s Technical Update - May 2024 contains a number of interesting articles on Tax, Legal, Accounting, IFRS and Sustainability that will be important to your business.
Tax
- Understanding the Global Minimum Tax
Legal
- The Eastern Economic Corridor visa
Accounting
- Changes to Amortisation of Goodwill under TFRS for NPAEs
IFRS
- IASB launches in-depth review of IAS 38
- Closing document of the BCUCC project published by the IASB
- Publication of IFRS IC decision on climate-related commitments (IAS 37)
- IFRS IC confirms its position on payments contingent on continued employment following a business combination (IFRS 3)
- Climate-related and other uncertainties in the financial statements
- Publication of IFRS 18 Presentation and Disclosure in Financial Statements
Sustainability
- ISSB to commence research projects about risks and opportunities related to nature and human capital
- ISSB publishes IFRS digital taxonomy for sustainability reporting
- SSBJ consultation on IFRS-compliant sustainability reporting standards
- European Parliament adopts the Corporate Sustainability Due Diligence Directive
