Incentives for the use of IT

Related topics: | Investment Incentives |

Incentives for the Use of Information Technology (IT)*

Computers and information technology assets are given an initial allowance of 20% and an annual allowance of 40%. Thus the full amount can be written off within a period of two years.

Effective from the Year of Assessment 2000 (current year basis), all operating expenditure including payments to consultants, related to the usage of IT in improving management and production processes in the manufacturing, agriculture and services sectors is allowed as deduction in the computation of income tax*.

* Proposed in the 2000 Budget

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