Can the cost of repairing machinery and equipment be deducted before tax?
Fixed assets refer to houses, buildings, machines, machinery, means of transport and other equipment, appliances and tools related to production and operation that have been used by enterprises for more than one year. If the service life of the machines and equipment overhauled by your company exceeds one year, they are fixed assets. Article 13 of the Enterprise Income Tax Law of the People's Republic of China stipulates: "When calculating the taxable income, the following expenditures incurred by the enterprise shall be regarded as long-term deferred expenses, and shall be subject to the provisions of the law