• South Africa: Section 12C Wear & Tear Allowance as 2nd plan for depreciation context

    South African Revenue Services (SARS) grants an accelerated depreciation schedule for:

    • Machinery & plant (new or used)
    • Useddirectlyin manufacturing process
    • Brought into use for the first time by the axpayer
    • For purposes of his trade

    Write-off(% of…