Thai Revenue Department Explains Required Calculation of Currency, Assets, and Liabilities in Thai Baht

The Thai Revenue Department has published a notice dated 7 July 2026 on the calculation of currency, assets, and liabilities in Thai baht (THB). As per the Thai Revenue Code, companies and juristic partnerships must convert foreign currency, assets, and liabilities into THB at the end of their accounting period. For this purpose, the notice explains that companies and juristic partnerships, other than commercial banks or other designated financial institutions, may choose one of the followin…