OrbitaxTaiwan Clarifies Repair Expenses that Increase Asset Value or Have Benefits Lasting Longer than Two Years Must be Treated as Capital Expenditure
|Approved Changes|Taiwan
Taiwan's Ministry of Finance has issued a notice clarifying that repair expenses must be treated as capital expenditure, and not current year expenses, if the expenses exceed TWD 80,000 and increase the original asset value or have benefits that cannot be exhausted within two years.
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Profit-seeking Enterprise Repair and Maintenance Expenses That Increase Original Asset Value or Have Bene…
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