How to use a passenger car correctly according to tax principles
Making decisions about procuring cars for use in business is something that entrepreneurs should have well planned as cars are one of the assets that almost every business needs to use in their operations. Some have them for sale and some have them for use, e.g. for executive positions, for freight...
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| Format: | Article |
| Language: | Thai |
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Mahasarakham University
2021-04-01
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| Series: | Journal of Humanities and Social Sciences Mahasarakham University |
| Subjects: | |
| Online Access: | https://hujmsu.msu.ac.th/pdfsplit.php?p=MTYyMzIzMzc4MS5wZGZ8ODgtMTAw |
| _version_ | 1797816909625819136 |
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| author | Sirirut Jaensirisak |
| author_facet | Sirirut Jaensirisak |
| author_sort | Sirirut Jaensirisak |
| collection | DOAJ |
| description | Making decisions about procuring cars for use in business is something that entrepreneurs should have well planned as cars are one of the assets that almost every business needs to use in their operations. Some have them for sale and some have them for use, e.g. for executive positions, for freight or as a staff shuttle bus etc. In terms of taxation, different car types may have different tax burdens of both corporate income tax and value added tax. Therefore, entrepreneurs should study the effects of each tax and practice correctly to avoid problems that may occur from offenses under the tax law. Offences can cause an increase of unnecessary expenses to entrepreneurs in the form of fines, penalties or criminal fines which are prohibited expenses in the calculation of the net tax profit. This paper studies and collects information from academic papers, relevant laws and discusses tax rulings of the Revenue Department which relate to a passenger cars or cars with up to 10 seats. This paper will be of interest to entrepreneurs or those interested in order to apply for their business’s planning. The paper outlines the different practices between accounting and taxation for a passenger cars or cars with t up to 10 seats in terms of purchasing, hiring and leasing both used in operations and used as a business product. Moreover, it summarizes laws under the Excise Tariff Act newly issued for double cabs which affects the tax practice on such cars. |
| first_indexed | 2024-03-13T08:44:45Z |
| format | Article |
| id | doaj.art-021d5a16a5454688914404f6a245051f |
| institution | Directory Open Access Journal |
| issn | 2672-9733 |
| language | Thai |
| last_indexed | 2024-03-13T08:44:45Z |
| publishDate | 2021-04-01 |
| publisher | Mahasarakham University |
| record_format | Article |
| series | Journal of Humanities and Social Sciences Mahasarakham University |
| spelling | doaj.art-021d5a16a5454688914404f6a245051f2023-05-30T04:48:56ZthaMahasarakham UniversityJournal of Humanities and Social Sciences Mahasarakham University2672-97332021-04-0140288100How to use a passenger car correctly according to tax principlesSirirut Jaensirisak0Ubon Ratchathani Business School, Ubon Ratchathani, UniversityMaking decisions about procuring cars for use in business is something that entrepreneurs should have well planned as cars are one of the assets that almost every business needs to use in their operations. Some have them for sale and some have them for use, e.g. for executive positions, for freight or as a staff shuttle bus etc. In terms of taxation, different car types may have different tax burdens of both corporate income tax and value added tax. Therefore, entrepreneurs should study the effects of each tax and practice correctly to avoid problems that may occur from offenses under the tax law. Offences can cause an increase of unnecessary expenses to entrepreneurs in the form of fines, penalties or criminal fines which are prohibited expenses in the calculation of the net tax profit. This paper studies and collects information from academic papers, relevant laws and discusses tax rulings of the Revenue Department which relate to a passenger cars or cars with up to 10 seats. This paper will be of interest to entrepreneurs or those interested in order to apply for their business’s planning. The paper outlines the different practices between accounting and taxation for a passenger cars or cars with t up to 10 seats in terms of purchasing, hiring and leasing both used in operations and used as a business product. Moreover, it summarizes laws under the Excise Tariff Act newly issued for double cabs which affects the tax practice on such cars.https://hujmsu.msu.ac.th/pdfsplit.php?p=MTYyMzIzMzc4MS5wZGZ8ODgtMTAwa passenger carcorporate income taxvalue added taxtaxation |
| spellingShingle | Sirirut Jaensirisak How to use a passenger car correctly according to tax principles Journal of Humanities and Social Sciences Mahasarakham University a passenger car corporate income tax value added tax taxation |
| title | How to use a passenger car correctly according to tax principles |
| title_full | How to use a passenger car correctly according to tax principles |
| title_fullStr | How to use a passenger car correctly according to tax principles |
| title_full_unstemmed | How to use a passenger car correctly according to tax principles |
| title_short | How to use a passenger car correctly according to tax principles |
| title_sort | how to use a passenger car correctly according to tax principles |
| topic | a passenger car corporate income tax value added tax taxation |
| url | https://hujmsu.msu.ac.th/pdfsplit.php?p=MTYyMzIzMzc4MS5wZGZ8ODgtMTAw |
| work_keys_str_mv | AT sirirutjaensirisak howtouseapassengercarcorrectlyaccordingtotaxprinciples |