Further Expand the Industry Applicable for the Accelerated depreciation for the Fixed Assets

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.

*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