Part 3 - Chargeability to Tax
Chapter 3 - Depreciation of Capital Assets
Section 6 - Provisions Concerning the Disposal of Capital Assets
Article 106
[GTL Notes: Disposal Value - Software]
In the case of granting the right to use or deal with computer software, the value of disposal shall be as follows:
In the case of granting the right to use or deal with computer software without any consideration: the value shall be determined on the basis of consideration in money which would have been received if the right had been granted in the open market.
In the case of granting the right to use or deal with computer software for a consideration lower than that which would have been received, if the right had been granted in the open market, and the grantee of the right is not entitled to deduct depreciation under the provisions of this Chapter on capital expenditure on acquisition of the right: the value shall be determined on the basis of consideration in money which would have been received in the open market;
In the case of granting the right to use computer software in the cases other than those mentioned in the foregoing Clauses (1) and (2), the value shall be determined in accordance with the Clause (2) of Article 103 of this Law.