Advertising deductions is favorable to 2020, cosmetics and other industries

Cosmetics special industries such as advertising and business advertising purchase pre-tax deduction preferential policies continue again. Month, the Ministry of Finance announced on the advertising and business advertising purchase expenses of pre-tax deduction notice ( Hereinafter referred to as 'notice') For cosmetics manufacturing or sales, pharmaceutical manufacturing and beverage manufacturing ( Do not contain alcohol make) Business advertising and business advertising purchase spending, not more than the sale ( Business) Allowed to deduct the income % part; More than part, allow ending in a tax year after deduction. A large cosmetics production and sales of enterprise tax director told the first financial journalist, the preferential policies for content before, three special industries of cosmetics, medicine, beverage advertising and business advertising purchase the pre-tax deduction quota to a maximum of %, the proportion is % general industry. According to the year of the implementation regulations of the enterprise income tax law of the People's Republic of China, article of the enterprises of qualified advertising and business advertising purchase expenditure, except as otherwise prescribed by the competent financial and tax departments under the State Council, no more than the sale ( Business) Allowed to deduct the income % part; More than part, allow ending in a tax year after deduction. Cosmetics, pharmaceutical, beverage industry advertising, business entertainment expenses amount is larger, big proportion of the cost burden of enterprises. Years, fiscal and taxation department will post, to cosmetics, pharmaceutical manufacturing and beverage manufacturers of advertising, business costs spending, not more than the sale ( Business) Allowed to deduct the income % part; More than part, allow ending in a tax year after deduction. The policy execution to (date) (month) (year) to (date) (month) (year). Years, fiscal and taxation departments to post, the basic will be the preferential policies continue to (date) (month) (year). This is the second time, continued to (date) (month) (year). PWC China central corporate tax competent business partner li told the first finance and economics, the pre-tax deduction quota to cosmetics, pharmaceutical, beverage industry to relax, to reduce the financial burden on enterprises. , according to the 'notice' to sign advertising and business advertising purchase agreement ( Hereinafter referred to as the agreement) The affiliated enterprise, one of no more than the sale ( Business) Income within the pre-tax deduction quota proportion of spending on advertising and business costs can be deducted from the proceeds at the time of this enterprise, also some or all of these can be in accordance with the contribution to the other party to deduct the account agreement. Another party in calculating the company advertising and business advertising purchase expenses deducted before duty of enterprise income tax allowance, can according to the above way to summarize the company's advertising and business costs do not count. In addition, the 'notice' has once again reiterated that the tobacco companies spending on tobacco advertising and business advertising purchase, all may not be deducted when calculating the taxable income amount. In the newly revised advertisement law explicitly banned tobacco advertising in the mass media, public places, and ban borrow from other goods and services of advertising, public welfare advertising of tobacco products. Editor: huang rui