Retirement period of state-owned fixed assets

Legal analysis: Unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the minimum period for calculating the depreciation of fixed assets is as follows:

(a) houses and buildings, for 20 years;

(2) Aircraft, trains, ships, machines, machinery and other production equipment, 10 year;

(3) Appliances, tools and furniture. 5 years related to production and business activities;

(4) Four years for vehicles other than airplanes, trains and ships;

(five) electronic equipment, for 3 years.

Legal basis: Article 19 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-added Tax refers to fixed assets other than real estate:

(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.

Measures for calculating individual income tax of individual industrial and commercial households (for Trial Implementation) Article 33 Houses, buildings, machinery and equipment, means of transport and other equipment and tools related to production and operation used by individual industrial and commercial households with a unit value of 1 year or more are fixed assets.