About this document
Capital Allowances and Calculations by Teh Chu Leong is a document available to read on EtoBox.
The document discusses capital allowances under Malaysian tax law. It covers: 1) Qualifying expenditure includes expenditure on plant and machinery used for business purposes. It must be owned by the person claiming allowances at the end of the basis period. 2) Initial allowance of 20% of expenditure is given in the first year. Annual allowances of 20%, 14%, 10% are given depending on the asset class. Accelerated allowances of 20-40% are given for certain environmentally friendly assets. 3) When an asse
- Author
- Teh Chu Leong
- Language
- EN