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Section 12BA: 125% allowance on renewable energy assets

Section 12BA: 125% allowance on renewable energy assets

by Pieter van der Zwan | Nov 12, 2023 | Amendments, Corporate and business tax

Section 12B provides a 100% deduction for assets that a taxpayer uses in the generation of electricity from PV solar energy not exceeding 1 MW. It has allowed this since 2015. In the 2023 Budget Review, the National Treasury announced a temporary expansion of the...

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