Public Ruling No. 6/2022 – Accelerated Capital Allowance (“ACA”)

The ACA is an allowable allowance for a person who has incurred qualifying expenditure (QE) on assets used for business purposes. The ACA rate provided in the Income Tax Rules (ITR) is under the powers conferred by paragraphs 154(1)(b) and paragraphs 10 and 15 of Schedule 3 of the ITA. The conditions that a person […]