SMES GIVEN MORE TIME FOR ACCOUNTING CHANGE
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The Bank of Thailand has extended the period for small and medium-sized enterprises (SMEs) to adjust to single-accounting by three more years to 2021.
According to Surat Leelataviwat, executive vice president of Kasikornbank, the Thai Bankers’ Association recently discussed with the central bank the possible impacts from the single-accounting measure and the central bank agreed to the relaxation to allow SMEs more time to adjust themselves.
Meanwhile, the BOT has launched an adjustment plan for SMEs to book their real accounting data into one account,” he said.
