Do you know extension/renovation of factory building is allowed for tax deduction?

01Extension/Renovation of factory building is allowed for tax deduction?

What is Industrial Building Allowances (IBA)?
IBA is allowed a person who incurred cost of factory building expenditure for the purpose of his business to claim allowances.

02Eligibility to claim:

• Initial Allowance (IA): 10%
• Annual Allowance (AA): 3%

03How do you know your factory building expenditure incurred is eligible for IBA?

A simple checklist

1. The building carry out manufacturing or processing operation?
2. The expenditure incurred is for production area?
3. The expenditure incurred is for the purpose of building improvement.

If all the question is “Yes”, then the expenditure is eligible for IBA claim

Visit us

• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

04KTP (Audit, Tax, Advisory)

• Website www.ktp.com.my
• Instagram https://bit.ly/3jZuZuI
• Linkedin https://bit.ly/3sapf4l
• Telegram http://bit.ly/3ptmlpn

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

• Tiktok http://bit.ly/3u9LR6Q
• Youtube http://bit.ly/3ppmjyE
• Facebook http://bit.ly/3ateoMz
• Instagram https://bit.ly/3jZpKLo

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

• Instagram https://bit.ly/3u2PxHg
• Facebook http://bit.ly/3rPxz9o

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

• Website www.thks.com.my
• Facebook http://bit.ly/3duvQ5z

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP