1. The latest criteria for fixed assets are as follows: (1) The economic benefits related to this fixed asset are likely to flow into the enterprise; (2) The cost of fixed assets can be measured reliably. Fixed assets do not include investment real estate and biological assets. Two. Tax Law Standards for Fixed Assets The concept of fixed assets in the current tax law has different expressions in different tax laws and regulations: 1. Fixed assets refer to non-monetary assets held by enterprises for producing products, providing services, leasing or operating, and used for more than 12 months, including houses, buildings, machines, means of transport and other equipment and appliances, as well as other assets related to production and business activities. 2. Article 19 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-added Tax: Fixed assets other than real estate refer to (1) machines, machinery, means of transport and other equipment, tools and appliances related to production and operation with a service life of more than one year. 3. Article 33 of the Measures for Calculating Individual Income Tax of Individual Industrial and Commercial Houses (Trial) (Guo Shui Fa [1 997] No.43): Houses, buildings, machinery and equipment, means of transport and other equipment and tools related to production and operation are used by individual industrial and commercial households for more than1year with a unit value of more than 1000 yuan.