Accounting Section - Doing Business
Explore a series of summaries providing an overview of useful accounting regulations, processes and accounting issues for doing business in Thailand.
Accounting for employee layoffs
11 February 2026
When a company decides to reduce headcount, whether due to cost pressures, restructuring, or strategic realignment, the financial reporting impact may be material
TFRS 2027–2028: A roadmap to the future of Thai financial reporting
11 February 2026
As the global financial landscape shifts toward greater transparency, Thailand is aligning its local standards with international best practices
New qualifications for accountants under the Accounting Professions Act (effective 2026)
17 December 2025
To elevate professional standards and strengthen the credibility of financial reporting among Thai businesses, particularly small and mediumsized enterprises, the Department of Business Development (DBD) has introduced a revised regulatory framework for accountants, effective from 1 January 2026
Understanding non-exchangeable currencies under TAS 21 (2025 Amendment)
2 December 2025
In 2025, the Federation of Accounting Professions (TFAC) issued an amendment to Thai Accounting Standard No. 21 (TAS 21): The Effects of Changes in Foreign Exchange Rates, introducing specific guidance for situations where a currency cannot be exchanged for another
Recognising expected losses on non-cancellable purchase commitments under TFRS for NPAEs
29 October 2025
In practice, many non public entities enter into purchase contracts where they commit to buying goods at a fixed price. If market conditions deteriorate before delivery, these arrangements may create an expected loss that must be recognised in the financial statements.