Understanding Office Equipment In Accounting & Tax
Key Takeaways Dual System: Malaysian businesses must maintain separate records for financial reporting (depreciation) and tax purposes (capital allowances) Capital Allowance Benefits: Office equipment qualifies for 20% Initial Allowance and 10% Annual Allowance, providing immediate tax relief ICT Equipment Advantage: Technology investments receive enhanced rates of 40% Initial Allowance and 20% Annual Allowance Fixed Asset […]
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