PwC Alert (Issue 125): Of computer software and capital allowance claims

Computer software has recently been in the spotlight in regards to capital allowance (CA) claims, with the issuance of Public Ruling No. 12/2014 – Qualifying Plant and Machinery for Claiming Capital Allowances by the Inland Revenue Board.

This Alert discusses the key considerations in determining whether computer software qualifies as ‘plant’ with respect to CA claims.

PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.