IFRS Section - Doing Business
You will find here a series of summaries providing an overview of useful IFRS regulations, processes and IFRS issues for Doing Business in Thailand.
IAS 12 – Uncertain tax positions
In January 2014, the IFRS IC considered a request for guidance on the recognition of a current tax asset (in the sense of IAS 12) when the tax position was uncertain.
IASB Proposes Three Amendments to IFRS 2
On 25 November, the IASB published the exposure draft ED/2014/5 Classification and Measurement of Share-based Payment Transactions putting forward three amendments to IFRS 2 Share-based payment.
The IASB Updated Work Plan
At the end of its October meeting, the IASB updated its work plan.This included the postponement of the publication of the Leases standard, now expected in the second half of 2015 (rather than at the end of 2014); and he postponement of the publication of the Disclosure Initiative Discussion Paper, now expected in Q2 2015 (rather than Q1).
Leases: Further Deliberations
The IASB and the FASB are continuing to deliberate the proposals in the May 2013 Exposure Draft Leases. Final publication is now expected in the second half of 2015.
Improvements to IFRSs – 2012-2014 Cycle
On 25 September the International Accounting Standards Board (‘IASB’) published the final text of Annual Improvements to IFRSs 2012–2014 Cycle.