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PUBLICATIONS
NEWSLETTERS
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TAXATION
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Is
head office expense deductible in calculating net profit/loss? |
Head
office and its branch are considered one juristic person. The
expenses which are allocated from head office to branch in Thailand
are prohibited expense items or non-deductible expense. However,
the expenses may be allowable if they can be proved to the Revenue
Department that they are made for the purpose of supporting
services or R&D directly and exclusively benefited to the
business in Thailand. The Revenue Department may require supporting
documents/evidences to consider whether expense items and price
are acceptable. |
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