Keywords: Mazars, Thailand, Tax, Corporate Income Tax , SMEs, Replacement Machinery
11 January 2013
The following conditions apply:
- The machinery is sold in 2012.
- The replacement machinery must be purchased within one year before or after the sale of the old machine.
- The book value of the machinery sold shall not be deducted as an expense in the Corporate Income Tax computation.
- The replacement machinery must be a new machine which has never been used and must be the same type as the old one.
Read the Royal Decree No. 551 for more information.