Mazars in Thailand technical update – November 2021
Mazars in Thailand’s Technical Update 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, SMEs, antigen test kits, ex-convicts, DBD, TISO, IBC, Visa, permanent residence, IFRS IC, IAS, VAT
2 December 2021
[TECHNICAL UPDATE]
Tax
- Additional tax deduction for SMEs to acquire a computer program
- Additional deduction for the purchase of antigen test kits
- Additional deduction for the employment of ex-convicts
Legal
- New guidelines on requesting DBD permission not to hold an annual general meeting of shareholders within the period fixed by law
- Extending the scope of business of a Trade and Investment Support Office and International Business Centre to provide loans to affiliated companies
- Temporary visa extensions
- Applications being accepted for Thai permanent residence
Accounting
- Initial measurement of property, plant, and equipment
IFRS
- IFRS IC agenda decision on non-refundable VAT on lease payments
- IFRS IC rules on the subsequent accounting treatment of warrants initially classified as financial liabilities
- Fifth compilation of IFRS IC agenda decisions
- Ongoing IASB deliberations on the presentation of financial statements
Read full article : https://www.mazars.co.th/Home/Insights/Our-publications/Mazars-in-Thailand-technical-update/Mazars-Thailand-technical-update-November-2021
