Freedom of Depreciation for FCV, FCHV, BEV, REEV and PHEV-Class Vehicles, and for New Charging Stations.
For financial years commencing in 2024 and 2025, the existing accelerated depreciation regime (twice the maximum authorised straight-line rate) is superseded by free depreciation, provided that the assets concerned constitute new investments brought into use during the specified financial years.
Capitalisation Reserve
The deduction is increased from 10% to 15% of the increase in equity, while the holding period for maintaining that increase is shortened from five to three years. This three-year period likewise applies to capitalisation reserves allocated and still in force as at 1 January 2024.