Whether to use personal fixed assets:

1. When taxpayers sell used fixed assets (such as equipment), and the selling price is higher than the original value, they will be charged 4% Value-added tax is levied at half the collection rate, and input tax cannot be deducted.

If the selling price is lower than the original price, no tax is required.

2. "Measures for the Administration of Pre-Income Tax Deduction of Property Losses of Enterprises" stipulates: Property losses incurred by an enterprise due to the sale, transfer, or liquidation of assets during its business management activities shall be taxed. Normal wear and tear of items of inventory and property losses caused by normal scrapping and liquidation of fixed assets that have reached or exceeded their useful life should be declared for deduction in the current period when the relevant property losses actually occur

Certification from the local tax bureau is required before tax deductions can be made. Listing expenses, that is to say, if you have non-operating expenses after liquidating fixed assets, you need to apply to the local tax bureau for review at the end of the year. Only after the tax authorities review can you list expenses before tax