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Question:

I plant mainly produces plastic products,

this month bought a 180 thousand of the equipment and issued a value-added tax invoices, this sum of money can be deducted? How much deduction?Previously fixed assets are not deductible? Is this a policy that has just been changed this year? What's the tax rate? Thank you!

Answer:

Can be deducted from the value-added tax invoices on value-added tax deductible, in addition to the purchase of equipment costs, if there are qualified transport documents, you can also by freight * 7% deduction of input tax
Can be deducted from the value-added tax invoices on value-added tax deductible, in addition to the purchase of equipment costs, if there are qualified transport documents, you can also by freight * 7% deduction of input tax
Can be deducted from the value-added tax invoices on value-added tax deductible, in addition to the purchase of equipment costs, if there are qualified transport documents, you can also by freight * 7% deduction of input tax

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