FAQ

Depreciation Allowances For Assets Purchased before 31.3.2018

What is the status of the depreciable assets acquired prior to 31st March, 2018 will be subject to new depreciation rates specified in the Inland Revenue Act No. 24 of 2017 after 01st April, 2018. Subject to guidelines to be issued by IRD, The assets acquired prior to 31st March, 2018 are subject to old depreciation rates subject to IR Act No. 10 of 2006.