Under the background of the new normal economy, the cement industry is facing an unprecedented test. Equipment updating and upgrading can not only improve the modernization and intellectualization level of production mode of cement enterprises, but also help cement enterprises to take a solid step towards the goal of energy saving, carbon reduction, cost reduction and efficiency enhancement, so as to stand out in the fierce market competition.
However, at present, the profits of the cement industry have fallen sharply, and one of the biggest obstacles many enterprises encounter in upgrading and transformation is the shortage of funds. The tight capital chain makes it difficult for many enterprises to take substantial steps even if they realize the necessity of equipment renewal. However, the state has issued a series of supporting policies to encourage enterprises to modernize and intellectualize reform, update equipment, and develop on the road of green and low carbon. Announcement of the
1、 on the Enterprise Income Tax Policy Related to the Deduction of Equipment and Appliances (Ministry of Finance) Announcement No.37 of 2023 of the State Administration of Taxation States that if the unit value of equipment and appliances newly purchased by enterprises during the period from January 1, 2024 to December 31, 2027 does not exceed 5 million yuan, they are allowed to be deducted from the current cost at one time when calculating the taxable income, and depreciation is no longer calculated annually (equipment and appliances referred to in this announcement). Refers to fixed assets other than houses and buildings). According to the Regulation on the Implementation of the Enterprise Income Tax Law of the People's Republic of China and the Notice on Printing and Distributing the Catalogue of Special Equipment for Energy Saving, Water Saving and Environmental Protection (2017 Edition) (Cai Shui [2017] No.71) of the
2、, enterprises that purchase and actually use the Catalogue of Special Equipment for Environmental Protection For the special equipment for environmental protection, energy saving and water saving specified in the Catalogue of Preferential Enterprise Income Tax for Special Equipment for Energy and Water Saving, 10% of the investment in the special equipment may be deducted from the tax payable of the enterprise in the current year; if it is insufficient for deduction in the current year, it may be carried forward for deduction in the following five tax years. An enterprise that
enjoys the preferential treatment of enterprise income tax as prescribed in the preceding paragraph shall actually purchase and put into use the special equipment as prescribed in the preceding paragraph. If an enterprise transfers or leases the above-mentioned special equipment within five years, it shall cease to enjoy the preferential treatment of enterprise income tax and pay the enterprise income tax that has been credited. Announcement of the
3、 on Value-added Tax Policy for Equipment Purchased by Research and Development Institutions (Ministry of Finance and Ministry of Commerce) In order to encourage scientific research and technological development and promote scientific and technological progress, VAT will continue to be refunded in full for domestic equipment purchased by domestic R & D institutions and foreign-funded R & D centers. Announcement of the
4、 on Further Improving the Pre-tax Additional Deduction Policy for R & D Expenses (Ministry of Finance) Announcement No.7, 2023 of the State Administration of Taxation States that if the actual R & D expenses incurred by an enterprise in carrying out R & D activities do not form intangible assets and are included in the current profits and losses, on the basis of the actual deduction according to the regulations, 100% of the actual amount will be deducted before tax from January 1, 2023; If intangible assets are formed, they shall be amortized before tax at 200% of the cost of intangible assets from January 1, 2023.
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To sum up, the national policy has provided a strong backing for equipment renewal and green transformation of cement enterprises, and the financial pressure has been alleviated to a certain extent. Cement enterprises should seize this opportunity, take advantage of the policy, promote intelligent transformation, take a solid step on the road of green transformation, and contribute to the construction of ecological civilization and the realization of sustainable development.
To this end, China Cement Network will hold the 11th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference-Equipment Renewal Forum in Nanjing, Jiangsu Province on June 13-14 . This forum will gather government leaders, industry technical specialist, scientific research institutions, universities, cement enterprises and equipment suppliers to discuss and analyze the practical path of equipment renewal and green upgrading in the cement industry, so as to promote the industry to move towards a more energy-efficient, greener and environmentally friendly future.
