The revenue shall be in form of cash assets any benefits that value in monetary

The revenue shall be in form of cash assets any

This preview shows page 15 - 25 out of 63 pages.

The revenue shall be in form of cash, assets, any benefits that value in monetary, tax and fee that the buyer has paid instead of seller. Assumption University Corporate Income Tax Wittaya Ekwirunphon Page 15
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Exempted income Dividend. - one-half of the dividends. - Full amount of the dividends. Other Thai laws - Investment Promotion Act. - Petroleum Act . Assumption University Corporate Income Tax Wittaya Ekwirunphon Page 16
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Additional expenses Ordinary and necessary expenses. Some kind of the expenses get special rate for deduction. - 200% deduction of Research and Development expense - 200% deduction of job training expense. - 200% deduction of disabilities person employment. - Net losses carried forward from the last five accounting periods Assumption University Corporate Income Tax Wittaya Ekwirunphon Page 17
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Wittaya Ekwirunphon Page 18 Some expenditure has the tax benefit for additional deduction from the actual payment ( Tax benefit ) 1. Expenditure related to R&D be exempted for corporate income tax 100% Remark The R&D organization is the R&D of government organization or the approval private organization by Ministry of Finance ( Royal Decree ( No. 297)) Assumption University Corporate Income Tax
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Wittaya Ekwirunphon Page 19 2. Education promoted expenditure will be exempted for 2 times of actual expenditure but not over 10% of net profit before deduction of expense in Section 65 ter (3) ( Royal Decree ( No. 420)) 3. Expenditure paid for build, maintain the public park, stadium (private / government) will be exempted for 2 times of actual paid but not over 10%. ( Royal Decree ( No. 428)) Assumption University Corporate Income Tax
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Wittaya Ekwirunphon Page 20 4. Expenditure which paid for the acquiring of the saving energy equipment replacement will be exempted for 25% of the expenditure. ( Royal Decree ( No. 436)) Assumption University Corporate Income Tax
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Wittaya Ekwirunphon Page 21 5. Expenditure paid for the education or training employee or developing of the labour skill will be exempted for 100 % Remark Government institute or training centre which approved by MOF. ( Royal Decree ( No. 437)) Assumption University Corporate Income Tax
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Wittaya Ekwirunphon Page 22 6. Expenditure which paid for the special allowance to employee of the juristic company or partnership for 50% ( Royal Decree ( No. 438)) (1) 1,000 Baht : Salary range 7,000 - 10,000 Baht (2) Additional mount paid for employee which salary not over 10,000 Baht Assumption University Corporate Income Tax
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Wittaya Ekwirunphon Page 23 8. For listed company which has the expenditure paid for invest or extend or make better (Capitalization expenditure Section 65 ter (5) will be exempted for 25% of the expenditure. Project cost is over 5 million Baht. ( Royal Decree ( No. 460) ) Assumption University Corporate Income Tax
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Wittaya Ekwirunphon Page 24 - Sell machinery for Company operation - Buy new machinery to replace the old one - Book value of sold machinery cannot be taxable expenses.
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