Group 1 - The article discusses the provisions of the Corporate Income Tax Law of the People's Republic of China regarding deductible long-term deferred expenses, including expenditures on the renovation of fixed assets and major repairs [2] - It specifies that expenditures on the renovation of fixed assets are deductible if they extend the useful life or change the structure of buildings [2] - The article outlines that such expenditures should be amortized over the remaining useful life of the asset or the remaining lease term as per the contract [2] Group 2 - The article emphasizes that the expenditures for the renovation of leased fixed assets must be amortized according to the remaining lease term [2] - It also notes that any extensions of the useful life of fixed assets must comply with the stipulations of the Corporate Income Tax Law [2]

Group 1 - The announcement from the State Taxation Administration outlines that small-scale taxpayers are exempt from value-added tax (VAT) if their total monthly sales do not exceed 100,000 yuan (or 300,000 yuan for quarterly sales) [2] - If small-scale taxpayers exceed the 100,000 yuan threshold but their sales, after deducting the sales of real estate for the current period, do not exceed 100,000 yuan, they are still exempt from VAT on goods, services, and intangible assets [2] - Small-scale taxpayers eligible for the VAT differential taxation policy will determine their eligibility for VAT exemption based on the net sales amount [2]