compensation received from insurance company

This depends on whether your company has claimed for the taxable deductible of such stolen manchinery. If yes, likely, the compensation should be taxable income. If not, such compensation will still need to put inside as sales proceed into the calculation of pooling of depreciation allowance. You should consult your auditor of how to calculate the profits tax computation. Most likely, the compensation from the insurance company is taxable.

Yes, in other income!

Best reagrds,

If have problem or need help, pleases email, [email protected]

Samson So
www.trirpo.com.hk