Clause 146 - Deduction in respect of additional employee cost.

Deduction for additional employee cost: limited-period tax relief for qualifying new hires meeting employment and reporting conditions.

A deduction equal to 30% of additional employee cost incurred in a tax year is allowable where business profits are included in gross total income, subject to a limited consecutive multi-year period, exclusions for businesses formed by split, transfer or reorganisation, a prescribed accountant's report filed by the specified date, and payment of emoluments through account-payee or prescribed electronic modes. Definitions and eligibility carve-outs limit qualifying employees and exclude certain payments from 'emoluments.'