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The preferential tax policy for purchasing and using tax-control cash registers
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Ministry of Finance ("MOF"), State Administrative of Taxation
("SAT") has announced the "Notice about taxation policy
on promoting the tax-control cash registers" (Cai Sui [2004]
167) to clarify the preferential tax policy for taxpayer who purchases
and uses tax-control cash registers ("the Register"). The
Register is an accessory to be installed in a cash register which
is promoted by the SAT with a view to enhance and monitor the tax
collection efficiency
The notice stipulated that: General taxpayer can deduct the amount of Value-Added Tax ("VAT") stated on the VAT invoice from the amount of output VAT in the relevant period when they purchased the Register. Upon the verification and approval from respective taxation bureau, the small VAT taxpayer and Business Tax taxpayer could offset the amount of VAT or Business Tax payable from the amount stated on the VAT invoice obtained from the purchase of the Register in the relevant period. If they received original invoice, the tax credit can be calculated based on the below formula:
If the acquisition cost of the Register is substantial enough to classify as fixed assets, the depreciation of the Register could be treated as tax deduction in calculating the assessable profit. The lump sum acquisition cost would be deductible if the Register does not fall within the classification of the fixed assets. The abovementioned preferential policy will be effective from December 1, 2004. All Register that meet the Chinese National Standard and successful bid in the model tender under the regulation of "Notice announced by SAT, MOF, Ministry of Information Industry and the General Administration of Supervision, Inspection and Quarantine of the People's republic of China about the promotion of tax-control cash registers to reinforce the monitoring and control over taxation origin" are applicable to the abovementioned preferential policy.
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關於購進使用稅控收銀機的稅收優惠政策
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財政部，國家稅務總局下發《關於推廣稅控收銀機有關稅收政策的通知》（財稅[2004]第167號）明確了納稅人購進使用稅控收銀機的稅收優惠政策。稅控機是由國家稅務總局推動的旨在加強企業稅收征管的設備，其功能是在原有電子收銀機上加上稅控功能，方便稅務局監管 《通知》規定：增值稅一般納稅人購置稅控收銀機所取得的增值稅專用發票上注明的增值稅稅額，准予在該企業當期的增值稅銷項稅額中抵扣。
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