Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1111433 | Procedia - Social and Behavioral Sciences | 2014 | 7 Pages |
Abstract
Malaysian tax system includes a tax depreciation rule separate from accounting depreciation. This paper is to compares and contrasts the accounting treatment of depreciation and the tax treatment of capital allowance. The gap between the accounting and tax is resulted from different definitions of capital expenditure and qualifying asset and also different deduction rate and useful life used in calculating depreciation. This paper proposes the government to revise the current capital allowance system.
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Social Sciences and Humanities
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Arts and Humanities (General)