Accelerated Capital Allowance (Machinery and Equipment including ICT Equipment)
1) IN exercise of the powers conferred by paragraph 154(1)(b) of, and paragraphs 10 and 15 of Schedule 3 to, the Income Tax Act 1967 [Act 53], the Minister makes these Rules, which were gazetted on 15 June 2021. 2) These Rules shall have effect from the year of assessment 2020.。 3) These rules provide […]
Deduction for Expenses in relation to the Cost of Personal Protective Equipment
1. Tax deductions for employers on the cost of personal protective equipment (PPE) are offered by the Income Tax (Deduction for Expenses in Relation to the Cost of Personal Protective Equipment) Rules 2021, which are effective from YA 2020 and define personal protective equipment (PPE) as “expenditure incurred by the employer for the purpose of […]
