Ministry of Finance and State Administration of Taxation: Investments in digitalization and intelligent transformation of enterprise-specific equipment can be deducted from part of the tax payable

1. "Announcement on Corporate Income Tax Policies for Digital and Intelligent Transformation of Special Equipment for Energy Saving, Water Saving, Environmental Protection, and Safety Production" has been jointly issued by the Ministry of Finance and the State Administration of Taxation.

2. Preferential corporate income tax policy:

   • During the period from January 1, 2024 to December 31, 2027, the enterprise’s investment in digital and intelligent transformation of special equipment shall not exceed the original tax calculation The basic 50% part can enjoy a 10% proportion of corporate income tax payable tax credit.

3. Carryover regulations:

   If the amount of tax payable in the current year is insufficient for deduction, it can be carried forward to subsequent years, but the maximum carryover period shall not exceed
   • 5 years.

4. Restrictions:

   Investment in digitalization and intelligent transformation of special equipment made using
   • fiscal allocation funds shall not be deducted from the amount of corporate income tax payable.
5. Digital and intelligent transformation of special equipment:
   refers to the use of
   information technology and digital technology
   • by enterprises to carry out technical improvements and optimization of special equipment to enhance the digital and intelligent level of the equipment. Specifically includes data collection, transmission, storage, analysis, intelligent control, digital security and protection, etc.

The above is the detailed content of Ministry of Finance and State Administration of Taxation: Investments in digitalization and intelligent transformation of enterprise-specific equipment can be deducted from part of the tax payable. For more information, please follow other related articles on the PHP Chinese website!