ARTICLES  

Accelerated capital allowances

An amendment to the income tax law published on 24 November 2017 extended the eligibility for accelerated capital allowances for acquisitions made during the years 2017 and 2018 as follows:-

  1. Plant and machinery 20% (excluding assets which are eligible for higher rate annual depreciation)
  2. Industrial buildings 7%
  3. Hotels 7%
  4. Buildings for agricultural and livestock production 7%

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