Circular on deduction of relevant Enterprise income tax Policy for equipment and Appliances

SMM5 14: in order to guide enterprises to increase investment in equipment and equipment, recently, the Ministry of Finance, the General Administration of Taxation issued "on equipment and equipment deduction of the relevant enterprise income tax policy notice."

If the unit value exceeds 5 million yuan, Still in accordance with the regulations on the implementation of the Enterprise income tax Law, the Circular of the State Administration of Taxation of the Ministry of Finance on perfecting the Enterprise income tax Policy on accelerated depreciation of fixed assets, The relevant provisions such as the Circular of the State Administration of Taxation of the Ministry of Finance on further improving the Enterprise income tax Policy on accelerated depreciation of fixed assets shall be implemented.

The term "equipment and apparatus" as mentioned in the notice refers to fixed assets other than houses and buildings.

It is worth noting that the expression "permission", not "must", is expressed in the "notice", that is, the company can choose whether to use the new policy on the basis of whether it is in its own interest.