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Q：
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When will the "Interim Measures for Deduction of Input VAT on Long-Term Assets" come into effect?
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A：
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In accordance with relevant provisions of the "Value-Added Tax Law of the People's Republic of China" and the "Implementation Regulations of the Value-Added Tax Law of the People's Republic of China", the Ministry of Finance and the State Taxation Administration have formulated the "Interim Measures for the Deduction of Input VAT on Long-Term Assets", which will come into effect on January 1, 2026.
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Q：
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Under what condition should the input VAT be handled in accordance with the relevant provisions of the "Interim Measures for the Deduction of Input VAT on Long-Term Assets"?
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A：
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For general VAT taxpayers who acquire long-term assets as stipulated in Article 25 of the Implementing Regulations of the VAT Law, the input tax amount corresponding to such assets should be handled in accordance with the relevant provisions of the "Interim Measures for the Deduction of Input Tax on Long-Term Assets".
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Q：
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What are the long-term assets that have been obtained?
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A：
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It refers to long-term assets obtained through various means such as direct purchase, self-production, research and development, construction, accepting investment, receiving donations or repaying debts; it does not include leased long-term assets, temporary buildings and structures constructed at the construction site, and real estate projects developed by real estate enterprises and accounted for as inventories.
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Q：
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What does the long-term assets, including fixed assets, intangible assets and real estate, consist of?
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A：
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Long-term assets include fixed assets, which consist of the supporting equipment, tools, and instruments that constitute the physical entity; intangible assets, which include the relevant legal rights and knowledge achievements that form the core value and rights basis of the asset; and real estate, which includes the building decoration materials, water supply and drainage, heating, sanitation, ventilation, lighting, communication, gas, fire protection, central air conditioning, elevators, electrical equipment, photovoltaic power generation, intelligent building equipment and supporting facilities that constitute the physical entity.
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Q：
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What does the input tax amount corresponding to long-term assets refer to?
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A：
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It refers to the input tax amount listed, calculated or included in the VAT deduction vouchers corresponding to the original value of long-term assets.
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FAQ
