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Grab 3 key points and use a one-time deduction policy

Release date:2018-12-20 The author:www.xapyyj.com Click on:

According to the current tax policy, equipment purchased by enterprises from January 1, 2018 to December 31, 2020 (except for fixed assets other than houses and buildings), whose unit value does not exceed 5 million yuan, The one-time cost included in the current period is deducted when the taxable income is calculated, and the depreciation is not calculated in the year (hereinafter referred to as the one-off pre-tax deduction policy).

Then, can a company select a part (one or several pieces) of eligible one-off pre-tax deductions among multiple fixed assets, and others use depreciation deductions such as the straight-line method (straight line method)?

Choose a one-time deduction policy that should be tailored

According to the needs of its own production and operation accounting, the enterprise may choose to enjoy the policy of deducting the new purchase of fixed assets into the current period and calculating the taxable income. After the one-time pre-tax deduction policy is implemented, the taxpayer may have complicated tax adjustment problems due to the difference between the fixed assets deducted before tax and the depreciation expense of fixed assets of financial accounting.

For a loss-making enterprise that cannot realize profit in the short term, choosing to implement a one-time pre-tax deduction policy will further increase the loss, and due to the limitation of the compensation period stipulated by the tax law, the loss may not be compensated in the later period, actually it is reduced. Pre-tax deduction. In addition, companies often do not choose a one-time pre-tax deduction policy during regular tax exemptions.

It is important to implement a one-time deduction policy.

Considering that tax benefits are a taxpayer's right, taxpayers can choose their own choice. Therefore, the relevant tax policy stipulates that enterprises can choose to enjoy a one-time pre-tax deduction policy according to their own production and operation needs. It is worth noting that in order to avoid malicious imposition of tax incentives, the tax policy clearly stipulates that enterprises that choose to enjoy the one-off pre-tax deduction policy for fixed assets should deduct one-year pre-tax deduction for the month following the month in which the fixed assets are put into use. If the one-year pre-tax deduction policy is not selected for the year in which the month of the month in which the month is put into use, the subsequent year may not be changed.

For example, Wentao Finance and Taxation Consulting Co., Ltd. purchased a unit worth 180,000 yuan in October 2018 (the current month) and put it into use. When depreciation is made in November (the next month), it is considered that the profit in 2018 is less. It may even be a loss, and the profits that can be realized in 2019 will be very large. Therefore, it is prepared to use the annual average method for depreciation in November and December, and then use the one-time credit for the fixed assets in January 2019. A one-off pre-tax deduction method for the cost of the 2019 (current period).

Can this be done? the answer is negative. The newly purchased car of the company, if it intends to adopt a one-off pre-tax deduction method, can only deduct one-time pre-tax deduction in the year (2018) of the next month (November) of the month of use (October). If you do not choose to enjoy the one-off pre-tax deduction policy when you purchase the next month's depreciation, you may not change it in the following years.

Partial or all one-time deduction, free to choose

It should be noted that the “the year of the month in which the fixed assets are put into use does not have the option of enjoying a one-time pre-tax deduction policy, and the next year may not be changed again” is for a single piece of fixed assets, a single piece of fixed assets. If you do not choose to enjoy, you will not be affected by the selection of other eligible fixed assets of the enterprise to enjoy a one-time pre-tax deduction policy. In other words, enterprises can choose a single piece of fixed assets to implement a one-time pre-tax deduction policy according to their own circumstances, and choose a single piece of fixed assets without a one-time pre-tax deduction policy, but do not choose to enjoy a one-time pre-tax deduction policy. It may not be changed in the following years.

                                                        

                                                                                                                                                                                                                          Excerpt from: China Tax News


Xi'an Pengyuan Metallurgical Equipment Co., Ltd. was established on February 20, 2017. The company is located in Xi'an, Shaanxi, China. Its main business is the design and manufacture of metallurgical equipment (electric arc furnace, submerged arc furnace, ladle refining furnace, other refining furnaces and metallurgical auxiliary equipment). The company's vision is to become a service-oriented leading enterprise that can provide users with advanced and applicable complete smelting technology solutions. The company is determined to make “Pengyuan Metallurgy” into the electric furnace industry. Excellent brand. Pay attention to us, keep abreast of the latest developments in the industry, hotline: 13819831910.

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