{"id":462,"date":"2023-08-22T09:00:00","date_gmt":"2023-08-22T09:00:00","guid":{"rendered":"https:\/\/atsymgmt.com\/?p=462"},"modified":"2023-08-20T13:34:58","modified_gmt":"2023-08-20T13:34:58","slug":"aca-for-small-value-assets","status":"publish","type":"post","link":"https:\/\/atsymgmt.com\/zh\/2023\/08\/22\/aca-for-small-value-assets\/","title":{"rendered":"ACA for small value assets"},"content":{"rendered":"

As a business owner, do you know you are given the right to claim capital allowances on assets when computing your tax computation?<\/p>\n\n\n\n

Every assets that you own and used in the production of your business gross income will enjoy different rate of capital allowance as follows:<\/p>\n\n\n\n

Type of assets<\/td>Initial Allowance<\/td>Annual allowance<\/td><\/tr>
Plant & machinery<\/td>20%<\/td>14%<\/td><\/tr>
Motor Vehicles<\/td>20%<\/td>20%<\/td><\/tr>
Others<\/td>20%<\/td>100%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Inland Revenue Board has given special allowance rate (“Accelerated Capital Allowance”) for those assets below value of RM2,000 each. Taxpayer is able to claim 100% Accelerated Capital allowance (“ACA”) if the assets acquired meet the criteria mentioned above. ACA given will subject to a total restriction of RM20,000 per annum. However, this restriction will not applicable to Small Medium Enterprise (“SME”).<\/p>\n\n\n\n

The new definition of SME are as follow:<\/p>\n\n\n\n

    \n
  • Resident company with paid-up capital of RM2.5 million and below at the beginning of the basis period<\/li>\n\n\n\n
  • Company having gross business income from one or more sources for the relevant year of assessment of not more than RM50 million<\/li>\n\n\n\n
  • Resident company which is not controlled by or control any company that have paid-up capital more than RM2.5 million<\/li>\n<\/ul>\n\n\n\n

    <\/p>","protected":false},"excerpt":{"rendered":"

    As a business owner, do you know you are given the right to claim capital allowances on assets when computing your tax computation? Every assets that you own and used […]<\/p>","protected":false},"author":1,"featured_media":467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":false,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"class_list":["post-462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/atsymgmt.com\/wp-content\/uploads\/2023\/08\/90.png","_links":{"self":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts\/462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/comments?post=462"}],"version-history":[{"count":3,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts\/462\/revisions"}],"predecessor-version":[{"id":469,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/posts\/462\/revisions\/469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/media\/467"}],"wp:attachment":[{"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/media?parent=462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/categories?post=462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atsymgmt.com\/zh\/wp-json\/wp\/v2\/tags?post=462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}