01
New Corporate Income Tax Deal!
10% tax credit!
On July 17, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on the Enterprise Income Tax Policy for the Digital and Intelligent Transformation of Special Equipment for Energy and Water Saving, Environmental Protection and Safety Production".
The announcement clarifies:
1. The investment in the digital and intelligent transformation of special equipment incurred by the enterprise during the period from January 1, 2024 to December 31, 2027, and the part that does not exceed 50% of the original tax base at the time of purchase of the special equipment can be deducted from the tax payable of the enterprise in the current year according to the proportion of 10%. If the tax payable of an enterprise in the current year is insufficient for credit, it may be carried forward to the following years, but the carry-forward period shall not exceed five years.
2. The special equipment mentioned in the announcement refers to the purchase and actual use of enterprises listed in the "Ministry of Finance, the State Administration of Taxation and the Ministry of Emergency Management on Printing and Distributing the Catalogue of Enterprise Income Tax Incentives for Special Equipment for < Safety Production (2018 Edition)" >Notice (CS [2018] No. 84) and Notice of the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Environmental Protection on Printing and Distributing the Catalogue of Preferential Enterprise Income Tax for Energy-Saving, Water-Saving and Environmental Protection Equipment (2017 Edition) (CS [2017] No. 71). After the transformation of special equipment, it should still meet the conditions specified in the above-mentioned catalog, and those who do not meet the conditions specified in the above-mentioned catalog shall not enjoy preferential treatment.
3. The enterprise income tax payable mentioned in the announcement refers to the balance of the taxable income of the enterprise in the current year multiplied by the applicable tax rate, after deducting the tax reduction and exemption in accordance with the provisions of the enterprise income tax law and relevant preferential tax policies.
4. Enterprises enjoying the preferential tax policies stipulated in this announcement shall actually use the transformed special equipment. If an enterprise transfers or leases the special equipment within five tax years after the completion of the transformation, it shall stop enjoying the preferential treatment in the month when the special equipment is stopped being used, and pay the enterprise income tax that has been credited.
In addition to this policy, the "Enterprise Income Tax Regulations" also stipulate preferential policies on energy conservation, water conservation and environmental protection:
"If an enterprise purchases and actually uses special equipment for environmental protection, energy conservation and water saving, and production safety that meets the relevant regulations, 10% of the investment amount of the special equipment can be deducted from the tax payable of the enterprise in the current year; If the credit is insufficient in the current year, the credit can be carried forward for the next five tax years. ”
To summarize it for you:
02
In 2024
3 important changes in corporate tax that accountants must keep in mind!
1. One-time deduction for newly purchased equipment and appliances below 5 million yuan
1. If the unit value of the newly purchased equipment and appliances purchased by the enterprise during the period from January 1, 2024 to December 31, 2027 does not exceed 5 million yuan, it is allowed to be included in the current cost and expense at one time and deducted in the calculation of taxable income, and depreciation will no longer be calculated on an annual basis; If the unit value exceeds 5 million yuan, it shall still be implemented in accordance with the relevant provisions of the implementation regulations of the enterprise income tax law.
2. The equipment and appliances mentioned in this announcement refer to fixed assets other than houses and buildings.
2. Except for integrated circuits and industrial machine tools, the additional deduction ratio of R&D expenses is unified at 100%
The specific policies are as follows:
3. The taxable income of small and micro enterprises shall not exceed 3 million yuan, and the actual tax burden shall be 5%
The specific policies are as follows:
The implementation period is until December 31, 2027.
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2024 pre-tax deduction standard for corporate income tax
04
Collection!
A collection of preferential corporate income tax benefits!
In recent years, the state has successively introduced a lot of preferential policies on enterprise income tax, and prepared a mind map for everyone to facilitate learning.
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