One article understands: How to enjoy fixed asset accelerated depreciation policies

In 2022, after the Party Central Committee and the State Council issued a new combined tax support policy based on the economic development situation, the State Administration of Taxation combed relevant tax and fees policies and measures around the main links and key areas of innovation and entrepreneurship, covering the entire life cycle of the enterprise. Take you to understand today: fixed assets accelerate depreciation policies

Fixed assets accelerate depreciation or deducted at one time

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All industry enterprises

Content

The enterprise's newly purchased equipment and appliances purchased from January 1, 2018 to December 31, 2023 shall be allowed to be deducted when the unit value does not exceed 5 million yuan. No longer calculate depreciation in the year; if the unit is valued at more than 5 million yuan, it still shall still be in accordance with the implementation regulations of the corporate income tax law and the "Notice of the State Administration of Taxation of the Ministry of Finance on improving the fixed assets accelerated depreciation of the corporate income tax policy" The "Notice of the State Administration of Taxation of the Ministry of Finance on further improving the fixed assets accelerating the depreciation of corporate income tax policies" (Cai Tax [2015] No. 106) and other relevant regulations.

Enjoy condition

Equipment and appliances refer to fixed assets other than houses and buildings.

Policy basis

1. "Notice of the General Administration of Taxation on the deduction of equipment and appliances related to the corporate income tax policy" (Cai Tax [2018] No. 54)

2. "Announcement of the General Administration of Taxation of the Ministry of Finance on extending some tax preferential policies" (No. 6, 2021)

Made instruments and equipment for the manufacturing and some service industries are accelerated and depreciated

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All manufacturing areas and information transmission, software and information technology service companies

Content

1. Biopharmaceutical manufacturing, dedicated equipment manufacturing, railway, ships, aerospace and other transportation equipment manufacturing, computers, communications and other electronic equipment manufacturing, instrument manufacturing, information transmission, software and information technology services, etc. The newly purchased fixed assets purchased after January 1, 2014 can shorten the depreciation period or adopt an accelerated depreciation method.

2. Enterprises in key industries in four fields such as light industry, textile, machinery, and automobiles after January 1, 2015, newly purchased fixed assets can be shortened by enterprises to shorten the depreciation years or adopt accelerated depreciation.

3. Since January 1, 2019, the "Notice of the State Administration of Taxation of the Ministry of Finance on improving the improvement of fixed assets to accelerate depreciation of corporate income tax policies" (Cai Tax [2014] No. 75) and the "Ministry of Finance's State Administration of Taxation of the Ministry of Finance to further improve fixed assets The notice of accelerated depreciation of corporate income tax policies (Cai tax [2015] No. 106) stipulates that fixed assets accelerate depreciation preferential industries and expand to all manufacturing fields.

4. If the depreciation period is shortened, the minimum depreciation period shall not be lower than the implementation of the regulations of Article 60 of the Implementation Regulations of the Enterprise Income Tax Law; if the depreciation method is adopted, the double balance can be adopted, or the total number of years can be adopted.

Enjoy condition

Manufacturing and information transmission, software and information technology services are determined in accordance with the National Bureau of Statistics' Classification and Code of the National Economic Industry (GB/T4754-2017). In the future, relevant state departments will update the classification and code of the national economic industry, from its regulations.

Policy basis

1. "Notice of the State Administration of Taxation of the Ministry of Finance on improving fixed assets accelerating depreciation of corporate income tax policies" (Cai Tax [2014] No. 75)

2. "Announcement on the State Administration of Taxation on Fixed Assets Accelerating Taxation Policy Related Tax Policy" (No. 64, 2014)

3. "Notice of the State Administration of Taxation of the Ministry of Finance on Further improving the fixed assets accelerating the depreciation of the corporate income tax policy" (Cai Tax [2015] No. 106)

4. Announcement of the State Administration of Taxation on Further improving the issues related to fixed assets to accelerate the depreciation of corporate income tax policies "(No. 68, 2015)

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