Policy Content - The announcement from the Ministry of Finance and the State Administration of Taxation allows enterprises to deduct the cost of newly purchased equipment and instruments valued at no more than 5 million yuan in a single tax year from January 1, 2024, to December 31, 2027, without annual depreciation [3] - Equipment and instruments valued over 5 million yuan will still follow existing tax regulations regarding accelerated depreciation [3] Key Points of the Policy Understanding "New Purchase" - "Purchase" refers to acquiring assets through monetary transactions or self-construction. "New" distinguishes these from previously acquired fixed assets, and used fixed assets purchased with cash are also included [5] Understanding "Unit Value" - The unit value of fixed assets is determined by the purchase price, related taxes, and other expenses necessary to make the asset usable. For self-constructed assets, the unit value is based on expenditures before completion [7] Understanding "Deduction Year" - Fixed assets can be deducted in the month following their use, applicable for the entire year [8] Hot Questions and Answers - The timing for determining the purchase of equipment and instruments valued at no more than 5 million yuan is based on the invoice date for cash purchases, the delivery date for installment purchases, and the completion date for self-constructed assets [9] - Enterprises must retain documentation such as invoices, accounting vouchers, and records of tax and accounting treatment differences for tax declaration purposes [9] - Choosing a one-time tax deduction does not require the same accounting treatment, allowing flexibility in tax and accounting methods [9] - Enterprises that initially choose to deduct through depreciation can switch to a one-time deduction in future years, but those who do not opt for the one-time deduction cannot change their choice later [9]

Group 1 - The article discusses the tax benefits related to corporate income tax, specifically focusing on the "No Tax Arrears Certificate" which indicates that a taxpayer has no outstanding tax liabilities according to the tax authority's records [7] - It outlines the conditions under which a taxpayer can apply for the "No Tax Arrears Certificate," including the absence of unreported tax obligations and unpaid taxes that have been determined by the tax authority [7] - The article also details the one-time tax deduction policy for newly purchased equipment and instruments, allowing for immediate expense recognition for items valued under 5 million yuan, applicable for purchases made between January 1, 2018, and December 31, 2027 [11][12] Group 2 - The criteria for determining the purchase time of fixed assets for tax deduction eligibility are specified, including the distinction between cash purchases and those made through installment payments or credit [11] - The article references several policy documents that govern the tax deduction for equipment and instruments, indicating a structured regulatory framework [12]