The state tax bureau issued Caishui `2015` No.106 to further expand the applicable industry for the accelerated depreciation for the fixed assets. We conclude a chart on this issue for your understanding all applicable industry to this issue.
Industry |
Time |
Method |
R&D |
Value |
Favorable Policy |
Whether Small Low-profit Enterprise? |
No limitation |
After 1 Jan 2014 |
Purchase |
Specialized |
1 million or less |
Deduct one-off |
No limitation |
No limitation |
After 1 Jan 2014 |
Purchase |
Specialized |
more than 1 million |
Accelerated depreciation |
No limitation |
Six industries* |
After 1 Jan 2014 |
Purchase |
No limitation on the usage |
No limitation |
Accelerated depreciation |
No limitation |
Four industries* |
After 1 Jan 2015 |
Purchase |
No limitation on the usage |
No limitation |
Accelerated depreciation |
No limitation |
Six industries |
After 1 Jan 2014 |
Purchase |
Shared * |
1 million or less |
Deduct one-off |
Yes |
Four industries |
After 1 Jan 2015 |
Purchase |
Shared |
1 million or less |
Deduct one-off |
Yes |
Six industries |
After 1 Jan 2014 |
Purchase |
Shared |
more than 1 million |
Accelerated depreciation |
Yes |
Four industries |
After 1 Jan 2015 |
Purchase |
Shared |
more than 1 million |
Accelerated depreciation |
Yes |
No limitation |
No limitation |
Hold |
No limitation on the usage |
5000 or less |
Deduct one-off |
No limitation |
*Six industries means (1) manufacturing industry on the biologic and medical products; (2) manufacturing industry on the specialized equipments; (3) manufacturing industry on the railway, marine, aerospace and other transportation equipments; (4) manufacturing on the instrument and measuring appliance; (5) information communication; (6) software and information technology service industry. `It is applicable to the GB/4754-2011`
*four industries means (1) light industry; (2) textile process; (3) machinery; (4) automobile `it is applicable to the GB/4754-2011`
*Shared means the equipments are used both for R&D and manufacturing purpose.
*Small and low profit enterprises means (1) Operating in the industrial industry, with an annual taxable income of no more than CNY300, 000, a payroll size of at most 100 persons, and a total amount of assets not exceeding CNY30 million; (2) Other industry, with an annual taxable income of no more than CNY300, 000, a payroll size of at most 80 persons, and a total amount of assets not exceeding CNY10 million;
If you want to know more details, please contact our senior consultant.
Ms. Jojo Hu
TEL: 0086-21-68868335 ext 324 / FAX: 0086-21-68868021
Email: jojohu@shanghaiinvest.com