- China’s Ministry of Finance issued rules on input VAT deductions for long-term fixed assets.
- The announcement defines the scope of long-term fixed assets and mixed-use assets.
- It details deduction procedures for assets acquired from Jan. 1, 2026, or recognized before Dec. 31, 2025, with an original value over 5 million yuan.
- It specifies adjustment periods for depreciation or amortization related to these assets.
- The measures took effect on Jan. 1, 2026.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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