Discussion about and around sustainable development is more critical now than ever as governments around the world have announced their commitment to achieve carbon neutrality and net zero greenhouse gas emissions during the 26th United Nations Climate Change’s Conferences of the Parties (COP 26) in Glasgow, and Thailand is no exception. Prime Minister Prayut Chan-o-cha announced Thailand’s commitment to become carbon neutral by 2050 and have net zero greenhouse gas emissions by 2065.

Below is an overview of the reporting standards for financial account information in Thailand following the enactment of the Amendment of the Revenue Code Act (No. 48), B.E. 2562 (the “Amendment of the Revenue Code Act”) and Ministerial Regulation (No. 355) re: Reporting Obligations of a Person with Special Transactions,…