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Further Expand the Industry Applicable for the Accelerated depreciation for the Fixed Assets

Thursday, 24 September 2015 17:54

The state tax bureau issued Caishui `2015` No.106 to further expand the applicable industry for the accelerated depreciation for the fixed assets. We conclude a chart on this issue for your understanding all applicable industry to this issue.

 

Industry

Time

Method

R&D

Value

Favorable Policy

Whether Small Low-profit Enterprise?

No limitation

After 1 Jan 2014

Purchase

Specialized

1 million or less

Deduct one-off

No limitation

No limitation

After 1 Jan 2014

Purchase

Specialized

more than 1 million

Accelerated depreciation

No limitation

Six industries*

After 1 Jan 2014

Purchase

No limitation on the usage

No limitation

Accelerated depreciation

No limitation

Four industries*

After 1 Jan 2015

Purchase

No limitation on the usage

No limitation

Accelerated depreciation

No limitation

Six industries

After 1 Jan 2014

Purchase

Shared *

1 million or less

Deduct one-off

Yes

Four industries

After 1 Jan 2015

Purchase

Shared

1 million or less

Deduct one-off

Yes

Six industries

After 1 Jan 2014

Purchase

Shared

more than 1 million

Accelerated depreciation

Yes

Four industries

After 1 Jan 2015

Purchase

Shared

more than 1 million

Accelerated depreciation

Yes

No limitation

No limitation

Hold

No limitation on the usage

5000 or less

Deduct one-off

No limitation

 

*Six industries means (1) manufacturing industry on the biologic and medical products; (2) manufacturing industry on the specialized equipments; (3) manufacturing industry on the railway, marine, aerospace and other transportation equipments; (4) manufacturing on the instrument and measuring appliance; (5) information communication; (6) software and information technology service industry. `It is applicable to the GB/4754-2011`

*four industries means (1) light industry; (2) textile process; (3) machinery; (4) automobile `it is applicable to the GB/4754-2011`

*Shared means the equipments are used both for R&D and manufacturing purpose.

*Small and low profit enterprises means (1) Operating in the industrial industry, with an annual taxable income of no more than CNY300, 000, a payroll size of at most 100 persons, and a total amount of assets not exceeding CNY30 million;  (2) Other industry, with an annual taxable income of no more than CNY300, 000, a payroll size of at most 80 persons, and a total amount of assets not exceeding CNY10 million;

 

If you want to know more details, please contact our senior consultant.

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Email: jojohu@shanghaiinvest.com

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