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RA (QCE, CT, Tax mechanism, Conditions:
incorporated in Msia
R
in…
RA
QCE
Manufacturing
- factory, P&M (exclude replacement), vehicle
Portion for QP
- storing raw mat/goods
- <=10% of total areas, :check:qualify
- abv 10% of total areas, :red_cross:qualify
-
HP
- deposit + capital instalments
:red_cross:RA claimed if incurred after TRP
Expd deemed incurred
- when construction completed
- P&M capable of being used
- commencement of bs
CT
-
H co
carrying on QP, claim other incentive
S co
- :red_cross:claim RA
- on concession basis, :check:claim RA
- QE=RE of H co
H co
carrying on QP, claim RA
-
Tax mechanism
Manufacturing
Achieve PE ratio
- 60% of QCE
- restricted to 100% of SI
-
Agriculture
- 60% of QCE
- restricted to 70% of SI
Conditions:
- incorporated in Msia
- R
- in operation for >=36 mths
- incurred QE in Msia
- embark on approved QP
For manufacturing co, QP:
- expanding
- modernising
- automating
- diversifying (forward integration diversification, :red_cross:backward diversificatioin) (:red_cross:QP if diversify to diff category)
increase in production / reduction in cost/ time
For agriculture co, QP:
- expanding
- modernizing
- diversifying
exclude bs of rearing chic & duck
Withdrawal
- disposed within 5 yrs from date of acq
- withdraw in YA of disposal (added to SI)
:red_cross:withdrawal if destroyed by fire, flood
-
-
-
-
:red_flag:QE incurred for 15 consecutive YAs commencing from the 1st YA claim RA
:red_flag:exempt inc credit to exempt a/c
:red_flag::red_cross:qualify
- R&D bldg
- bldg used for staff welfare
:red_flag:asset acq from overseas
:red_flag:Integrated projects
- manufacturing + agricultural
- treated as single sources, combined SI