The Chancellor also introduced a new capital allowance
for businesses incurring qualifying expenditure on new structures and buildings on or after October 29 2018.
The approved rate will cover the FIT differential amounting to P13.8 billion in 2017, the underrecovery of P4.4 billion in 2016, the P1-million disbursement allowance paid to the Land Bank of the Philippines and supervision fee for Bangko Sentral ng Pilipinas, and the P1.9-billion working capital allowance
requirement of TransCo.
It had specifically called for an extension to the existing Enhanced Capital Allowance
scheme that allows companies to offset the cost of new energy-efficient machinery and equipment.
Murray brings 14 years experience to his new post, most recently with the capital allowance
team at Davis Langdon.
is granted to attract and support investors in strategic productive sectors of an economy.
ISLAMABAD -- The Management Board of the Capital Development Authority on Wednesday approved the payment of Capital Allowance
for all of its staffers.
'This capital allowance
will cover the total annual investment undertaken by 99% of all the business in Britain.
Businesses have called for a time-limited capital allowance
scheme for medium-sized companies, allowing them to offset investment in plant, machinery and buildings against corporation tax.
Tennant UK is now able to offer its customers the opportunity to further boost their cash flow, reduce water use and reduce water bills through the DEFRA Capital Allowance
Scheme for Water Efficient Technologies.
The system also attracts the enhanced capital allowance
under the government's Climate Change Levy.
Hotels Federation President Jim Murphy has claimed a reduction from 15 to four per cent in the rate of capital allowance
for hotels will hit further development and curtail expansion.
- The issues of leasing, the treatment of partnerships and joint activities; the application of the uniform capital allowance
regime to buildings and structures; and changes to the transfer pricing provisions.