Traditional Culture Encyclopedia - Hotel accommodation - What is the general amortization period for hotel decoration?

What is the general amortization period for hotel decoration?

The amortization period of the decoration fee should be based on the shorter of the time between the two decoration days and the length of the lease period. That is to say, if the next decoration is three years later, and the lease period is 5 years, it shall be amortized over three years. Other expenditures that should be regarded as long-term deferred expenses as mentioned in Item (4) of Article 13 of the Enterprise Income Tax Law shall be amortized in installments starting from the month following the month in which the expenditure occurs, and the amortization period shall not be less than 3 years.

Article 13 of my country's "Enterprise Income Tax Law" stipulates:

1. Expenditures for the reconstruction of fixed assets that have been fully depreciated.

2. Expenses for renovation of leased fixed assets

3. Expenses for major repairs of fixed assets;

4. Other expenses that should be treated as long-term deferred expenses .

Article 70 of my country's "Regulations for the Implementation of the Enterprise Income Tax Law" (State Council Order No. 512) stipulates: "Others mentioned in Item (4) of Article 13 of the Enterprise Income Tax Law shall be treated as long-term deferred payments." Expenses will be amortized in installments starting from the month following the month in which the expenditure occurs, and the amortization period shall not be less than 3 years. "Therefore, the decoration expenses incurred by your company in renting the house through operating leases should be regarded as long-term deferred expenses. , amortized in installments starting from the month following the month in which the expenditure occurs, and the amortization period shall not be less than 3 years. If the actual useful life is less than 3 years, it will be amortized based on the actual useful life based on relevant legal certificates.