On 19 January 2021, the Thai Cabinet approved the Ministry of Finance’s proposed regulation to revise bad debt write-off criteria for companies, juristic partnerships, and financial institutions (“Regulation”). Once enacted, the new Regulation will retroactively take effect from 1 January 2020 onwards. The change accords with TFRS 9, Thailand’s new financial instruments standard, which has … Continue reading Thailand to Change Bad Debt Write-off Criteria