Forvis Mazars in Thailand technical update - June 2026

Tax

• Thailand extends electronic tax systems and e-Donation incentives through 2027
• Thailand approves participation in the GloBE Information Return MCAA
• Investment in SEZs at Thailand’s borders: Opportunities for business expansion with a 10% CIT reduction
• Thailand’s Revenue Department launches a foreign tax credit tool for individuals with foreign income

Legal

• New draft ‘Lemon Law’ to protect buyers from defective products

Accounting

• Full TFRS, fewer notes: Understanding the opportunity under TFRS 19

IFRS

• IASB publishes new standard on rate-regulated activities (IFRS 20)
• Targeted improvements to IAS 37
• IAS 28: amendments to the fair value option finalised
• IASB extends comment period on RMA project
• Statement of Cash Flows project
• Fourteenth compilation of IFRS IC agenda decisions published
• Call for new members of IFRS Advisory Council

Sustainability

• ISSB has further discussions about nature-related disclosures