Depreciation

Thailand Corporate Depreciation, Amortisation, and Depletion

          Depreciation: Provided that in no case shall the deduction exceed the following percentage of cost as shown below. The straight-line basis is themethod most commonly used by companies, but any generally accepted basis, such as sum-of-the-years-digits or double-declining method, is permitted. 

Depreciation formula

          However, if a company adopts an accounting method, which the depreciation rates vary from year to year, the company is allowed to do so provided that the number of years over which an asset depreciated shall not be less than 100 divided by the percentage prescribed below ;

Types of AssetsDepreciation Rates

1. Building

 

        1.1 Durable building5 %
        1.2 Temporary building100 %

2. Cost of acquisition of depleted natural resources

5 %

3. Cost of acquisition of lease rights

 

        3.1 no written lease agreement10 %
        3.2 written lease agreement containing no renewal clause or containing renewal clause but with a definite duration of renewal periods100% divided by the original and renewable lease periods
4. Cost of acquisition of the right in a process, formula, goodwill, trademark, business license, patent, copyright or any other rights:

 

        4.1 unlimited period of use10 %
        4.2 limited period of use100% divided by number of years used
5. Other depreciation except land and goods20 %
        5.1 machinery used in R&Dinitial allowance of 40% on the date of acquisition and the residual can be depreciated at the rate in 5 
        5.2 cash registering machineinitial allowance of 40% on the date of acquisition and the residual can be depreciated at the rate in 5 
        5.3 passenger car or bus with no more than 10 passengers capacitydepreciated at the rate in 5 but the depreciable valve is limited to one million baht

6. Computer and accessories

 

        6.1 SMEs*initial allowance of 40% on the date of acquisition and the residual can be depreciated over 3 years
        6.2 other businessdepreciated over 3 years

7. Computer programs

 

        7.1 SMEs*initial allowance of 40% on the date of acquisition and the residual can be depreciated over 3 years
        7.2 other businessdepreciated over 3 years

 

* SMEs refer to any Thai companies with fixed assets less than 200 million baht and number of employee not exceeding 200 people

Our company provide total solutions in Accounting for Business. We provide Company Registration , Accounting, Tax advisory, Social Security Fund, BOI Consult Service, BOI Audit, Audit Services, FDA license services, Importation License and Product Registration at FDA.

       📌 Contact Us

✅ Phone 📞 02-114-7715
✅ Web 🌐 https://www.accconsultingservice.co …
✅ Inbox 📩 http://m.me/100581915340875
✅ Line 📱 https://lin.ee/PhD3G7F
✅ Mail 📧 [email protected]

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest

Relate KNOWLEDGE / NEWS

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Privacy Policy

Privacy Preferences

คุณสามารถเลือกการตั้งค่าคุกกี้โดยเปิด/ปิด คุกกี้ในแต่ละประเภทได้ตามความต้องการ ยกเว้น คุกกี้ที่จำเป็น

Allow All
Manage Consent Preferences
  • Always Active

Save