IRB issues public rulings on industrial buildings (part 2)
The Inland Revenue Board (IRB) has published a public ruling (PR) on “Industrial Buildings Part II” (PR No 10/2016) dated 5 December 2016.
The PR explains the types of buildings that qualify as industrial buildings under the provisions of para 80, Sch 3 of the Income Tax Act 1967 through the Income Tax Rules made by the Minister of Finance and the corresponding rates of allowances.
Kindly refer to the IRB website for further details.
Source: IRB website, 5 December 2016. © Intelliconnectasiapacific