Forvis Mazars in Thailand technical update - April 2025

Tax

• Fixed 17% personal income tax rate and corporate income tax exemption to entice Thai professionals to return to work in Thailand

Legal

• New Thailand Digital Arrival Card
• Online registration platform for registered partnerships and limited companies

Accounting

• Accounting for gold holdings under TFRS: practical guidance

IFRS

• Post-implementation Review of IFRS 16 – preparing for the RFI
• Appointments to IFRS Advisory Council
• Publication by the IFRS Foundation of new translations of the IFRS Sustainability Disclosures Standards

Sustainability

• Deep dive into the first “Omnibus” on sustainability: focus on the CSDDD
• PSF publishes report on streamlining sustainable finance for SMEs and developing an SME reporting framework