|
No.
|
Deduction Items
|
Standard of Deduction/Proportion of Limit
|
Remark
|
|
32
|
Unverified provision
|
Non-deductable
|
|
|
33
|
Depreciation of fixed assets
|
Deductable within the prescribed scope
|
Not exceed the minimum period of depreciation
|
|
34
|
Depreciation of productive biological assets
|
Deductable within the prescribed scope
|
10 years for woods, 3 years for livestock
|
|
35
|
Amortization of intangible assets
|
Amortization period not less than 10 years
|
General intangible assets
|
|
Amortizion based on the period stipulated by the law or contract
|
Intangible assets obtained from investment or purchase
|
|
Non-deductable
|
Goodwill created by the enterprise itself
|
|
Non-deductable
|
Intangible assets irrelated to the business operation
|
|
36
|
Long term deferred expense
|
Deductable within the limit amount
|
1. The amortization for reconstruction expenses of buildings that have been fully depreciated shall be apportioned according to the estimated useful life
|
|
2. The amortization for reconstruction expenses of leased building shall be apportioned according to the estimated useful life
|
|
3. The amortization for fixed assets repair expenses shall be apportioned according to the estimated useful life
|
|
4. For other long-term deferred expenses, the amortization period shall not be less than 3 years
|
|
37
|
Organization costs
|
Deductable
|
Deduct one-time in the year of commencement of operation or amortized as long term deferred expense
|
|
38
|
Amortization of low value articles
|
Actual amount
|
|
|
39
|
Audit and notarial fees
|
Actual amount
|
|
|
40
|
R&D expense
|
Additional deduction
|
Additional deduction is allowed in annual CIT declaration for incurred R&D expense within the prescribed sope
|
|
41
|
Taxes
|
Deductable
|
CIT and VAT can’t be deducted
|
|
42
|
Consulting and legal costs
|
Actual amount
|
|
|
43
|
Business trip expense
|
Actual amount
|
|
|
44
|
Meeting expense
|
Actual amount
|
Meeting minites and other supporting documents are required
|
|
45
|
Work dress expense
|
Actual amount
|
|
|
46
|
Transportation, installation, packing and other expenses
|
Actual amount
|
|
|
47
|
Printing expense
|
Actual amount
|
|
|
48
|
Courier and mail expense
|
Actual amount
|
|
|
49
|
Rental expense
|
Actual amount
|
|
|
50
|
Water and electricity expense
|
Actual amount
|
|
|
51
|
Heating/cooling costs
|
Calculated as welfare
|
Adjustment is needed when the welfare amount exceed the statutary standard
|
|
52
|
Fuel costs of vehicle and vessel
|
Actual amount
|
|
|
53
|
Allowances for employees for transportation and meal
|
Actual amount
|
|
|
54
|
Repair and maintenance fees
|
Actual amount
|
|
|
55
|
Security expense
|
Actual amount
|
|
|
56
|
Expenses of board of directors
|
Actual amount
|
|
