Regulations for the Implementation of the Enterprise Income Tax Law
Article 69 The expenditure on major repair of fixed assets referred to in Article 13(3) of the Enterprise Income Tax Law refers to the expenditure that meets the following conditions at the same time:
(1) the repair expenditure reaches more than 50% of the taxable base at the time of acquisition of the fixed assets;
(2) the useful life of the fixed assets is extended by more than 2 years after the repair. extended by more than 2 years.
Expenditures specified in Article 13(3) of the Enterprise Income Tax Law are amortized over the remaining useful life of the fixed assets.