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23 Pioneer Status (P/S) - Coggle Diagram
23 Pioneer Status (P/S)
Production day
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the date the Co hit the marketable quantities
(>= 30% of the pdt capacities) of the promoted products
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Conditions
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New, Profitable Co
If Co making loss (yrs Co take to turn into profit), the gestation period is short
separate accounts for
pioneer activities
pre-pioneer biz
- from pdt day to 5yrs later
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asset bought during pre-pioneer period of the BP in which the pdt day starts:
deemed to be incurred on the 1st day of the pioneer period(pdt day)
pioneer biz
- from BOBP to day b4 pdt day
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asset bought during pioneer period of the BP in which the exempt period ends:
deemed to be incurred on the 1st day of the post-pioneer period
post-pioneer biz
- a day after pdt day to end of BP
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Tax mechanism
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Exempted Y is reduced by:
- CY non-pioneer loss (CY biz loss, X b/f)
- pioneer loss
before Cr into exempt accounts for distribution of 2 tier exempt dividend
CY non-pioneer loss set off order:
- exempt a/c
- Agg Y
- ASIB for next year
Pioneer loss
- :arrow_down: tax in post TRP
- set off exempt a/c & ASIB
treat like normal boz loss b/f
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Anti avoidance S17
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Expenses
may inflate SI by excluding some pioneer exp and push it to the post-pioneer period after 1 year from the end of TRP
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