The preferential tax policy that the unit price of equipment or appliance no more than 5 million is allowed to be recognized as one-time taxable deductible expense by a company which shall be expired at the end of this year.

Now, good news, it has been postponed to Dec 31, 2027.

Please note that, it is tax policy for calculating the enterprise income tax. When makes the accounting treatment for the equipment/ appliance, the company still need to obey the accounting policy which the company adopt always. The difference between the accounting and tax treatment if have doesn't need to do any treatment in accounting book, just make the adjustment in the tax report of annual settlement of enterprise income tax.

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