China's State Administration of Taxation and Ministry of Finance have jointly issued a notice confirming the new measures on the accelerated depreciation of certain fixed assets as introduced by China's State Council in September 2014.
Low Value Assets
All fixed assets with an acquisition cost of less than CNY 5,000 may be deducted in full in the current accounting period.
Assets for R&D
Machinery and equipment purchased after 1 January 2014 for R&D purposes with an acquisiti…