This month.
Intangible assets as mentioned in Article 12 of the Enterprise Income Tax Law refer to non-monetary long-term assets that have no physical form and are held by enterprises for the purpose of producing products, providing services, leasing or operating management, including patent rights. , trademark rights, copyrights, land use rights, non-patented technology, goodwill, etc.
Article 66 stipulates that the tax base of intangible assets shall be determined according to the following methods: (1) For outsourced intangible assets, the purchase price and relevant taxes paid and direct attribution shall be used to make the asset reach Other expenditures incurred for the intended purpose are the tax basis; According to the above regulations, financial software should belong to the above-mentioned intangible assets and can be amortized as intangible assets.
In addition, according to the "Notice of the Ministry of Finance and the State Administration of Taxation on Certain Preferential Policies for Enterprise Income Tax" (Caishui [2008] No. 1), enterprises and institutions that purchase software that qualify as fixed assets or intangible If the asset recognition conditions are met, it can be calculated as fixed assets or intangible assets. Upon approval by the competent tax authority, its depreciation or amortization period can be appropriately shortened to a minimum of 2 years. Therefore, after approval by the competent tax authority, the amortization period of the enterprise can be 2 years.