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.
TFRS revised 2026: What changes in practice from 1 January 2027
30 October 2026
Previously, Thai Financial Reporting Standards (TFRS) did not provide clear guidance on the status of electronic payments made near year-end on the year-end balance sheet, so companies handled it differently. The new changes, which apply to annual periods starting 1 January 2027, finally provide a consistent answer. They also cover other common situations, like loans with interest linked to emissions targets and contracts for buying solar power.
Foreign exchange fluctuations: When accounting, tax and group reporting use different rates
24 September 2026
Foreign exchange accounting may look straightforward in theory: record the transaction, retranslate monetary items at period-end, and recognise the exchange difference.
Climate risk in financial reporting: when business conditions change, accounting assumptions should follow
27 August 2026
Climate-related risks are often discussed in the context of sustainability reporting, but their impact does not stop at ESG disclosures. When drought, flooding, extreme heat or other weather related events affect operations, costs, supply chains or customer demand, they may also affect the accounting judgements used in the financial statements.
Full TFRS, fewer notes: Understanding the opportunity under TFRS 19
23 July 2026
Some subsidiaries apply full Thai Financial Reporting Standards because their parent requires full-TFRS information for group consolidation, even though the subsidiary’s own financial statements are used by a relatively limited group of shareholders, lenders and regulators.
Key changes to TFRS 9 and TFRS 7 effective from 2027
22 June 2026
The Federation of Accounting Professions (“TFAC”) has issued draft amendments to TFRS 9 Financial Instruments and TFRS 7 Financial Instruments: Disclosures as part of Thailand’s continued alignment with IFRS Bound Volume 2026. The amendments are expected to become effective for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. The draft revisions were presented during TFAC’s public hearing seminar held on 19 May 2026.