Friday, April 19, 2013

PUBLIC RULING NO. 4/2013 : Accelerated Capital Allowance

On 15 April 2013, Inland Revenue Board (IRB) has issued the Public Ruling No. 4/2013 , Accelerated Capital Allowance (ACA).

This ruling explains the qualifying capital expenditure incurred by a person in the provision of plant and machinery for business purposes.

Here are the summary of ACA with eligibility period:- 


No.
P.U.(A)/ Year
Income Tax Rules (Accelerated Capital Allowance)

Rate
(%)
Applicable From

1
505/2000

Recycling of Wastes

IA :40
AA :20
YA 2001

2
506/2000

Reinvestment In A Qualifying Project
IA :40
AA :20
YA 2001

3
349/2003

Conservation of Energy
[revoked effective from 1.10.2005 as provided under P.U.(A)64/2006]
IA :40
AA :60
YA 2003

4
87/2005

Power Quality Equipment

IA :20
AA :40
YA 2005

5
188/2005

Machinery and Equipment for Agriculture Sector
IA :20
AA : 40
YA 2005

6
249/2008

Moulds for The Production of Industrialised Building System Components
IA :40
AA :20
YA 2006

7
356/2008

Bus

IA :20
AA :80
For YA
2009 - 2011
8
357/2008

Plant and Machinery

IA :20
AA :80
YA
2009 - 2010
9
358/2008

Information and Communication Technology Equipment

IA :20
AA :80
YA
2009 - 2013
10
359/2008

Security Control Equipment and Monitor Equipment
IA :20
AA :80
YA
2009 – 2012
11
111/2009

Plant and Machinery
IA :20
AA :40
10.3.2009 – 31.12.2010
12
4/2013

Security Control Equipment and Monitor Equipment
IA :20
AA :80
YA
2013 – 2015


Source : IRBM website