- Accelerated capital allowance is introduced for qualifying e-invoicing expenditures from YA 2024 to YA 2027.
- New rules allow full capital allowance claims within 2 years for e-invoicing-related expenses (20% initial, 40% annual allowance).
- Applies to purchases of ICT equipment and costs related to customized computer software for e-invoicing.
- Taxpayers must comply with statutory e-invoicing timelines to qualify.
- Rules are effective from YA 2024 to YA 2027.
Source: assets.kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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