Mazars in Thailand technical update – November 2021

Mazars in Thailand’s Technical Update – November 2021 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


  • 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


  • 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


  • Initial measurement of property, plant, and equipment


  • 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


Mazars in Thailand technical update - November 2021

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Chalermpon Tanopajai
Chalermpon Tanopajai Director - Legal Practice WP&VISA Bangkok

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