We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
The AI assistant for tax questions
Collaborate securely on your tax data
Share This Article
|
|
On 17 September 2012, the government published its Budget Bill for 2013 (the Bill), which is presented to the parliament on 18 September 2012. The Bill gives some further details, as summarized below, on the measures announced earlier. The Budget will generally apply from 1 January 2013. Corporate taxation - The normally applicable depreciation rates are doubled for new industrial investments. The accelerated depreciation is available for a maximum of 2 consecutive tax years and applies in respect of qualifying equipment acquired and taken into use between 2013 and 2015.