Brand FairsMore...

Yiwu MarketMore...

Video & PictureMore...

Investment Policies

Preferential policy on fixed assets depreciation

Where, for special reasons, it is necessary to shorten the useful life of fixed assets, an application may be submitted by an enterprise to the local tax authorities which following examination and verification shall be reported level-by-level to the State Tax Bureau for approval. Fixed assets which for special reasons as mentioned in the preceding paragraph require the useful life to be shortened include:

1) Machinery and equipment subject to strong corrosion by acid or alkali and factory buildings and structures subject to constant shaking and vibration;

2) Machinery and equipment operated continually year-round for the purpose of raising the utilization rate or increasing the intensity of use;

3) Fixed assets of a Chinese-foreign contractual joint venture having a period of cooperation shorter than the useful life specified in Article 35 of these Rules and which will be left with the Chinese party upon termination of the cooperation.

Weather
phone
numbers
postal
telecom
Q&A

Preach true
0579
85412345

e-mail
info@yiwu.
gov.cn