Keywords: Corporate Income Tax, Personal Income Tax, Tax Allowance, Depreciation, Thailand, Revenue Department
The assets include equipment or machinery which contribute to energy saving. The assets must meet the following criteria:
- Never have been previously used;
- Purchased and ready to be used during the period 1 January 2011 to 31 December 2012;
- Subject to a rate of depreciation that reflects a useful life of not less than 5 years; and
- Not used for R&D, used by a company receiving BOI privileges or used by a company in the process of applying for promotional privileges from the government sector.
Revenue Department announcement: