Under the measure, registered projects or activities under the strategic investments priority plan shall be qualified to any of the following incentives: income tax holiday, reduced corporate income tax,
depreciation allowance of the assets that is acquired for the entity's production of goods and services (qualified capital expenditure) and up to 50 percent additional deduction on the increment of direct labor expenses, provided that this does not include indirect labor, salaries, and wages and other personnel costs incurred for administrative and other support services.
90 %
depreciation allowance for plants, machinery and production line equipment used for manufacturing of mobile phones certified by the PTA in first year.
If these vehicles are passenger automobiles, they are listed property and are subject to limits on the amount that can be deducted for regular depreciation, as a bonus
depreciation allowance, and as a Sec.
Accordingly, the court rejected the taxpayer's claim of a bonus
depreciation allowance for 2003.
During the last 12 months, almost 50,000 used vehicles have been imported, amounting to 30 percent of the total market demand for automobiles in the country, causing a loss of over Rs 14 billion revenue in terms of relaxations allowed pertaining to
depreciation allowance, he said.
During the last 12 months almost 50,000 used vehicles have been imported, amounting to 30 percent of the total market demand for automobiles in the country, causing a loss of over Rs 14 billion revenue to the government in terms of relaxations allowed pertaining
depreciation allowance.
Although intended to spur businesses to invest in machinery and equipment, the extension and subsequent increase of the first-year bonus
depreciation allowance is creating a unique financial position for businesses to capitalize on real estate.
This piece of legislation has several provisions beneficial to the commercial real estate industry, such as a 15 year leasehold improvement depreciation extension, as well as an extension to the current 50 percent bonus depreciation, allowing property owners to deduct 50 percent of the cost of qualifying property in addition to the regular
depreciation allowance normally available.
For property acquired, placed and kept in service, there is an additional 50 percent
depreciation allowance in the stimulus package.
Another valuable provision of the Act offers an additional 50%
depreciation allowance for certain property separate from the Sec.
31, 2008, they will get a 50 percent
depreciation allowance. The law also allows a business that purchases equipment worth less than $800,000 to expense it up to $250,000.