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Bangkok Post, Thailand, Tax Column.

Bangkok Post (Bangkok, Thailand)

| July 02, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jul. 2--Have you ever thought about what happens when you have implemented a new project but it did not work out very well, and in the end you decided to wrap it up? What are you going to do about the built-up costs?

Let's make the scenario a little more complicated by assuming that an investor has spent a lot of money starting a business. The investor has booked the investment in his new business as capital expenditures that are depreciated or amortised over their useful life as stipulated in the tax law.

As a general rule, the law stipulates the useful life for each type of asset differently. For example, machinery and tools are normally depreciated over five years while the useful life of a building is 20 years. A special tax privilege is given to the investor to deduct ...

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Source: HighBeam Research, Bangkok Post, Thailand, Tax Column.

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