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6.3. Depreciation and Amortization

Depreciation is allowed on capital assets owned by the business and used for its operations either on the basis of written down value or straight line method.

The depreciation rates are applicable to assets as below:

Computers hardware and accessories including information and communication systems (under a pooling system and on declining balance basis) 50%
Intangible Assets including Goodwill (individually and on straight line basis) 10%
Heavy Machinery, boats, ships, airlines (individually and on straight line basis) 10%
Cost of acquisition, construction, refining, rehabilitation and reconstruction of buildings (individually and on straight line basis) 5%
All other business assets (under a pooling system and on declining balance basis) 25%