Public Ruling No.4/2013 – Accelerated Capital Allowances

We are pleased to inform that the Inland Revenue Board (IRB) has issued Public Ruling No.4/2013 dated 15 April 2013. The PR explains the qualifying capital expenditure incurred by a person in the provision of plant and machinery for business purposes and summarises the application of accelerated capital allowances (ACA) with examples.

The IRB also provided the following Appendices:-

i. Appendix A - Income Tax Rules On ACA For Plant And Machinery; and

ii. Appendix B - Accelerated Or Special Rate Of Industrial Building Allowance.

Members may view the Public Ruling at the IRB website.