The manufacturing industry is determined according to the National Statistics Bureau's Classification and Code of National Economic Industries (GB/4754-20 17). In the future, the relevant state departments will update the national economic industry classification and code, from its provisions. Before the announcement, the production enterprises did not enjoy preferential treatment for accelerated depreciation of fixed assets, but after the announcement, they can enjoy preferential treatment at the time of monthly (quarterly) prepayment declaration or settlement in 20 19.
. The Ministry of Finance and State Taxation Administration of The People's Republic of China issued two documents in 20 14 and 20 15 respectively, which clarified the relevant preferential policies for accelerated depreciation of fixed assets, mainly including the following four aspects: First, enterprises in six major industries and four key industries were allowed to shorten the depreciation period of newly purchased fixed assets by 60% of the stipulated depreciation period, or choose to adopt accelerated depreciation method; Second, newly purchased instruments and equipment for R&D and small-scale low-profit enterprises in the above industries, whose unit value does not exceed 6.5438+0 million yuan, can be deducted once before tax; Third, the newly purchased instruments and equipment specially used for research and development by enterprises in various industries, whose unit value does not exceed 6.5438+0 million yuan, can be deducted once before tax, allowing accelerated depreciation; Fourth, fixed assets with a unit value of no more than 5,000 yuan held by enterprises in various industries can be deducted at one time before tax.
According to the decision of the Central Committee of the Communist Party of China and the State Council on tax reduction and fee reduction, from 20 18 to 2020, newly purchased equipment and appliances with a unit value not exceeding 5 million yuan are allowed to be included in the current cost and deducted before income tax. This policy has greatly raised the upper limit of the previous deduction of the unit value of fixed assets, and there is no industry restriction. All industries, including manufacturing, can enjoy it according to law.
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