Accelerated depreciation latest tax policy

I. One-time pre-tax deduction policy

1, enterprises in the period from January 1, 2018 to December 31, 2020, newly purchased equipment, appliances, the value of the unit does not exceed 5 million yuan, is allowed to be a one-time cost of the current period of cost deducted in calculating taxable income, and will no longer be divided into years to calculate depreciation. Equipment, apparatus refers to assets other than houses and buildings.

Tips: This preference is not limited to industry categories, but the purchase time, unit value, asset type restrictions.

2, for all industries after January 1, 2014, the new purchase of instruments and equipment specifically for research and development, the unit value of not more than 1 million yuan, allowed a one-time cost of the current period in the calculation of taxable income deduction, no longer depreciated over the years.

Tips: This offer does not have the industry category, the deadline for restrictions, but the unit value, asset type, asset use restrictions.

3, all manufacturing, information transmission, software and information technology services, small and medium-sized enterprises of the newly purchased R & D and production and operation **** instruments, equipment, unit value of up to 1 million yuan, allowed a one-time entry into the current cost of deducting the calculation of taxable income, and no longer depreciated over the years.

Tips: This preference does not have a deadline, but there are restrictions on the type of industry, enterprise size, unit value, asset type.

4, all sectors of the enterprise after January 1, 2014, the newly purchased unit value of not more than 5,000 yuan of fixed assets, allowed a one-time cost of the current period in the calculation of taxable income deductions, no longer depreciated over a period of years.

Tips: This offer in addition to the unit value of no other restrictions.

5, from January 1, 2020 onwards, the epidemic prevention and control of key protection materials production enterprises to expand production capacity of the newly purchased equipment, allowing a one-time charge to the current cost of costs in the pre-tax deduction of enterprise income tax.

Tips: This preference is a special period of preference, the deadline will be announced. There is no restriction on the unit value, but there is a restriction on the enterprise.

Second, a deduction other than accelerated depreciation policy

1, the manufacturing industry, information transmission, software and information technology services, newly purchased fixed assets (including self-construction), can be taken to shorten the depreciation period or accelerated depreciation method for pre-tax deduction of income tax. Once the accelerated depreciation method is determined, it is generally not allowed to change.

Assets include all fixed assets such as houses and buildings, and there are no other restrictions except for the industry classification.

The industry distinction is in accordance with the National Bureau of Statistics "National Economic Industry Classification and Code (GB/T4754-2017)". In the future, if the relevant state departments update the classification and code of national economy industries, they will follow their regulations.

2, the enterprise's fixed assets due to technological progress and other reasons, really need to accelerate the depreciation, you can shorten the depreciation period or take the accelerated depreciation method in the income tax deduction. Including due to technological progress, product replacement faster fixed assets and perennial strong vibration, high corrosion of fixed assets.

The assets include all fixed assets, including houses and buildings, and there are no other limitations except the state of use.

3, the software purchased by the enterprise, where in line with the recognition of fixed assets or intangible assets, can be in accordance with the conditions of fixed assets or intangible assets for accounting purposes, its depreciation or amortization can be appropriately shortened, the minimum can be 2 years (including). (Software only)

4, integrated circuit production enterprise production equipment, its depreciable life can be appropriately shortened, the minimum can be 3 years (including). (Only integrated circuit production equipment)

Specific operation, prompted attention to the following six points:

1, the so-called small micro-profit enterprises, refers to the small micro-profit enterprises in line with the provisions of the Enterprise Income Tax;

2, "new purchases" includes the form of monetary purchases or self-construction of the two forms;

3, Take the method of shortening the depreciable life, the minimum depreciable life shall not be less than 60% of the minimum depreciable life under the tax law (except for purchased software, integrated road enterprise production equipment);

4, take the accelerated depreciation method, you can take the double-declining-balance method or sum-of-the-years method;

5, the use of accelerated depreciation method of pre-tax deduction, the enterprise should be the invoice of the purchase of fixed assets,

5, the use of accelerated depreciation method for pre-tax deduction, the enterprise should purchase fixed assets invoices, vouchers and other related information to be retained for inspection, and the establishment of a ledger, accurately reflecting the differences between the tax law and the accounting situation;

6, the enterprise can choose the most preferential policy to implement, and once chosen, can not be changed, but also according to their own operational needs to choose to give up the preferential.