The finance departments (bureaus), state taxation bureaus, local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, cities under separate state planning, and the Finance Bureau of Xinjiang Production and Construction Corps:
To guide enterprises to increase equipment , equipment investment intensity, the relevant corporate income tax policies are hereby notified as follows:
1. The unit value of newly purchased equipment and equipment by enterprises between January 1, 2018 and December 31, 2020 shall not exceed If the unit value exceeds 5 million yuan, it is allowed to be included in the current cost and expense in one lump sum and deducted when calculating the taxable income, and depreciation will no longer be calculated on an annual basis; if the unit value exceeds 5 million yuan, the unit value shall still be calculated in accordance with the Implementation Regulations of the Enterprise Income Tax Law and the Ministry of Finance and National Notice of the State Administration of Taxation on Improving the Corporate Income Tax Policy on Accelerated Depreciation of Fixed Assets (Caishui [2014] No. 75), "Notice of the Ministry of Finance and the State Administration of Taxation on Further Improving the Corporate Income Tax Policy on Accelerated Depreciation of Fixed Assets" (Caishui [2015] No. 106) Wait for relevant regulations to be implemented.
2. The equipment and appliances mentioned in this notice refer to fixed assets other than houses and buildings.
Ministry of Finance and State Administration of Taxation
May 7, 2018