Security Equipment Tax Relief

Who is entitled?
If you have recently purchased the security equipment and is also the first owner of the business.

Which category does security equipment falls into?
Capital Allowance – Assets used in business ( e.g computer, furniture, machines, alarm system). Alarm Systems fall under the category of Machine. Refer www.hasil.gov.my/lhdnv3e/individuIndex.jsp

How much capital on total can be claimed?
Ranging from 14% to 100% (To be prorated according to years of usage)
Actual calculation depends on Annual Allowance.

How long is the tax relief entitlement period (Y/A 2009 to Y/A 2012)?

The owner will continue to enjoy the tax relief for a continuous period till 2012 till further announcement from the government.

What has changed after the announcement of the budget 2010?
Remain unchanged from 2009. Tax relief is not specific for security alarm system.

How can a small business apply?
Tax agent may submit all details, terms & conditions and specific agreements. No official forms are required to be filled up.

For more details & explanations, kindly refer to www.hasil.gov.my

* ADT tries to provide as accurate as possible the information above. However, ADT is not responsible for the accuracy of the information.