The vehicle after the accident, the need for repair, deduct part of the insurance company, other companies pay, this part of the cost can be deducted before income tax?

Q: the vehicle after the accident, the need for repair, deduct part of the insurance company, the remaining units need to bear, this part of the costs can be deducted before income tax?

      Answer: according to your description, unable to determine whether the vehicle has transfer to the company name, if the vehicle has been transfer to your company, your vehicle repair costs paid by the company belongs to the regulations for the implementation of the provisions of article thirty-second of the balance after the deduction, the insurance indemnity therefore, in accordance with the provisions in accordance with the law in the calculation of corporate income tax deduction; if the vehicle is privately owned, the pre tax deduction of your company vehicle repair fees can not bear.
      "Enterprise income tax law"The eighth stipulation: the actual business and revenue expenditures related to, reasonable, including the costs, expenses, taxes, losses and other expenses, it is permitted to be deducted from taxable income.
      "Implementation rules of enterprise income tax law" thirty-second article: eighth enterprise income tax law referred to loss, refers to the enterprise in the production and management of fixed assets and inventory shortage, damage, loss on disposal, transfer of property loss, the loss of bad debts, bad debts, natural disasters and other force majeure factors caused the loss and the other loss.
      The enterprise loss deduction, compensation and insurance compensation responsibility in accordance with the provisions of the competent department of Treasury, deduction, the tax of the state council.

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