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.
Capital allowance 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.
