Forvis Mazars in Thailand technical update - November 2025

Tax

• Thailand tightens e-commerce rules: Import duty on all online purchases starting 2026
• Thailand revenue department to implement updated VAT return form (PP.30) and attachment from 1 March 2026

Legal

• The LPA amendments: New maternity, paternity, and childcare leave obligations
• Thailand visa exemption crackdown

Accounting

• New qualifications for accountants under the Accounting Professions Act (effective 2026)

IFRS

• Equity method
• Application of IFRS 18: presentation of non-income taxes
• Thirteenth compilation of IFRS IC agenda decisions published
• Bertrand Perrin reappointed to IASB
• Standards and interpretations applicable at 31 December 2025

Sustainability

• ISSB continues its discussions on targeted amendments to GHG disclosures
• ESMA publishes the European common enforcement priorities for 2025 corporate reporting