Example: company A purchased one piece of equipment with a unit value of $4,000,000 in August 2018 and put it into use in August. Company A expects the equipment to have a useful life of 10 years and a salvage value of 0 yuan. In accordance with the provisions of Cai Shui 201854, Company A deducts the full amount as depreciation before tax in the prepayment of enterprise income tax, then the A201020-Accelerated Depreciation (Deduction) Benefits for Fixed Assets Schedule in the 3-quarterly return is filled in as follows:
When Company A files the 4-quarterly return for 2018 in January 2019, how to fill in the A201020-Accelerated Depreciation for Fixed Assets Depreciation (Deduction) Benefit Schedule?
Actually it is very simple, when filing the 4-quarter enterprise income tax return, Form A201020 does not need to be filled out specifically at all, just keep the data from the 3-quarter return. Don't worry, the following is for you to explain the basis.
The State Administration of Taxation Announcement No. 26 of 2018, attached to the instructions for filling out the enterprise income tax prepayment return (hereinafter referred to as "instructions for filling out"), makes it clear that: "From the start of depreciation of the fixed assets, in the case of tax depreciation, the tax depreciation is greater than the general depreciation, and the tax depreciation is greater than the general depreciation. This form must be filed during the depreciation period in which "tax depreciation" is greater than "general depreciation"."
It means that when the current period of the declaration of the 4th column "enjoy accelerated depreciation benefits calculated depreciation amount" is greater than the 3rd column "depreciation amount calculated in accordance with the general provisions of the tax", you need to fill out this form.
So in the 3 quarter of the declaration of enterprise income tax, tax depreciation is 4 million yuan, while the general depreciation is 400,000 yuan (calculated in accordance with the minimum depreciation period of 10 years), tax depreciation is greater than the general depreciation, so in the 3 quarter of the A201020-Fixed Assets Accelerated Depreciation (Deduction) Preferential Schedule to fill out, reduce the taxable income by 3.6 million yuan;
Completion of the instructions are clear: "Taxpayers enjoying fixed assets under the preferential policies stipulated in Cai Shui [2014] No. 75, Cai Shui [2015] No. 106, Cai Shui [2018] No. 54 and other relevant documents, only fill in the amount for the period in which the tax depreciation calculated by adopting accelerated depreciation for tax purposes is greater than the depreciation amount calculated in accordance with the general provisions of the tax law; the amount for the period in which the tax depreciation is less than the general depreciation period is no longer This table is completed. At the same time, retain the current year's tax depreciation (accelerated depreciation amount) is greater than the general depreciation (annual depreciation) period of the last depreciation period of the amount to continue to fill in, until the last period of the current year's last monthly (quarterly) prepaid tax return."
On the 4Q return, tax depreciation for the equipment is $0 for the 4Q and general depreciation remains at $400,000 for the 4Q. However, because the tax depreciation is less than the general depreciation, the amount incurred in the 4th quarter is no longer reported on the form; instead, the amount from the 3rd quarter filing period is retained for filing the form.
Additionally, the instructions also make it clear that "since the start of depreciation of fixed assets, in the "tax depreciation" is less than or equal to the "general depreciation" of the depreciation period, do not fill in this table. " Therefore, from 2019 onwards, quarterly prepayment of VAT, because the equipment purchased in August 2018 tax adjustment matters no longer fill in A201020 - fixed assets accelerated depreciation (deduction) preferential schedule, only in the annual income tax remittance to adjust the amount of depreciation on the accounting of the unified overdrawing.