Tax Measures to Assist Business Operators
The Cabinet has approved additional tax measures to assist business operators impacted by damage to property during the events of 19 May 2010. The following allowances are for corporate income tax:
Keywords: Tax, Thailand, Corporate Income Tax
- Movable properties e.g. office supplies: double deduction of book value.
- Immovable properties e.g. buildings: the greater of double deduction of the book value or 50% deduction of the original value before write-off.
- Damaged inventory written-off: double deduction of book value.