Only 14 Years' Personal Tax Will Be Postponed.

< p > December 6th, the Ministry of finance, the Ministry of human resources and social security and the State Administration of Taxation jointly issued the notice on the issue of personal income tax on occupational pension and occupational annuity (hereinafter referred to as the notice). Since January 1, 2014, the preferential tax policy for enterprise annuity and occupational annuity has been implemented.

After the introduction of the new policy, the annuity insured can enjoy the advantages of deferred tax, and a considerable portion of the personal income tax burden of the insured will be reduced to a certain extent.

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< p > < strong > three ministries and commissions jointly adjust the annuity tax rate < /strong > < /p >.

< p > "notice" stipulates that enterprise annuity or occupation < a href= "http://www.91se91.com/news/index_c.asp" > annuity < /a > shall be deducted from personal income tax for units and individuals that do not exceed the prescribed standard of enterprise annuity or occupation < < /a > >; personal income tax on individual investment income from enterprise annuity or occupational annuity fund shall be exempted from personal income tax.

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< p > "so-called deferred tax payment" refers to the link between the payment of annuity and annuity fund investment income. The tax liability is deferred to the actual annuity of the individual. It is also called the EET mode (E represents tax exemption and T represents Taxation).

Three responsible persons of ministries and commissions.

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< p > enterprise annuity and occupational annuity are still new words in our country, but in western developed countries, it is common for enterprises to establish enterprise annuity for their employees.

Behind the development of foreign enterprise annuity, it is inseparable from the promotion of preferential tax policies.

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< p > the Ministry of Finance and other three ministries and commissions have studied the annuity, occupational annuity < a href= "http://www.91se91.com/news/index_f.asp" > personal income tax < /a > deferred tax policy, which is based on the study of the current practice in developed countries and the improvement of the annuity personal income tax policy system combined with the reality of our country.

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< p > < strong > the tax burden of the insured is lower than that of < /strong > /p >

< p > "the advantage of deferred tax policy to individuals is the reduction of tax rate first."

Zhu Qing, a professor at the school of Finance and finance of Renmin University of China, said that personal income tax is collected according to the accumulated tax rate. The income after retirement is generally less than that in the service hours, and the annuity rate is lower. Another advantage is that the present value of the tax is greatly reduced.

If the unit gives you 1000 yuan now, assuming that the marginal tax rate is 10%, you will have to pay 100 yuan tax.

If the 1000 yuan is paid as an enterprise annuity, although it will be subject to 100 yuan tax in the next few decades, the value of the 100 yuan will be very small considering the time value of money.

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< p > three responsible persons of the ministries and commissions said that after the introduction of this annuity personal income tax policy, the annuity insured can enjoy the advantages of deferred tax, and a considerable proportion of the insured will also reduce the personal income tax burden to a certain extent.

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< p > Zheng Bingwen, director of the world social security center of the Chinese Academy of Social Sciences, pointed out that the postponed payment of annuity tax is of great significance to the tax reform and the personal income tax system from the sub item system to the comprehensive system. It also has great significance for people's consumption concept and the adjustment of the proportion of pension funds in the capital market.

Huaxi Metropolis Daily reporter Wang Jigao < /p >

< p > < strong > meaning < /strong > < /p >

< p > < strong > supporting the "second pillar" of China's endowment insurance < /strong > /p >

< p > < strong > or < a href= "http://fz.sjfzxm.com/ > pension annex < /a > paving < /strong > /p >

< p > with China's gradual entry into the aging society, China has been promoting the construction of a multi-level pension system since the 90s of last century. Apart from being the basic pension insurance as the first pillar, the voluntary annuity and occupational annuity established by units and employees as the supplementary pension insurance system are regarded as the second pillars, and the third pillar is the personal savings endowment insurance.

Why do we need to develop enterprise annuity and occupational pension in China? What are the reform policies of the deferred tax policy? < /p >

< p > < strong > enlarge supplementary pension insurance section < /strong > /p >

< p > at present, the western developed countries have established a multi pillar and multi-level endowment insurance system.

Take the United States as an example, the whole endowment insurance system is divided into 4:4:2 structure, 40% is the state, 40% is supplementary endowment insurance, and 20% is personal business savings.

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< p > Zhu Qing believes that the first pillar of China's endowment insurance system has begun to take shape and is being perfected.

But the development of the second pillar and the third pillar is still lagging behind.

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< p > Jin Dongsheng, deputy director of the State Administration of Taxation Research Institute, pointed out that China's enterprise annuity and occupational pension system is still in the initial stage of promotion and has not yet been widely covered.

According to relevant information, the proportion of employees who participate in occupational pension in the whole country is less than 10%.

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< p > "deferred tax policy promotes the establishment of enterprise annuity by tax preference. It helps to promote the development of China's supplementary endowment insurance system and promote the construction of multi-level pension insurance system."

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< p > < strong > or paving the way for public institutions to be merged < /strong > /p >

< p > according to the notice issued by the State Administration of Taxation on the management of personal income tax on enterprise annuity in 2009, the personal payment portion of enterprise annuity shall not be deducted from the calculation of personal income tax when the wages and salaries are paid in the same month.

If the enterprise pays the fee into the personal account, it shall pay personal income tax without deducting any expenses.

However, there is no definite tax provision for the investment income stage and the receiving stage of enterprise annuity.

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< p > a person who has been paying attention to enterprise annuity for many years told reporters that the above deferred tax notice stipulates the above unclear contents clearly.

At the moment, the introduction of this policy should pave the way for the reform of the old-age security system in the organs and institutions that the country has been pushing forward.

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In order to break the dual track system and let the organs and institutions and enterprises implement the same system in the basic old-age insurance system, we must establish a supplementary pension insurance that reflects the occupational characteristics of the organs and institutions at the same time, that is, occupational annuity, so as to solve the problem of decreasing the replacement rate of the retirees in the organs and enterprises after the merger of P.

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Therefore, in order to further promote the construction of the endowment insurance system, in 2013, the State Council approved the "opinions on deepening the reform of the income distribution system" and put forward "improving the basic old-age insurance system". P

We should develop enterprise annuity and occupational annuity and play a supplementary role in commercial insurance.

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The decision of the CPC Central Committee on several major issues of deepening the reform adopted in the third Plenary Session of the 18th CPC Central Committee P clearly stated that we should speed up the development of enterprise annuity, occupational annuity, < a href= "http://pop.sjfzxm.com/popimg/fz/index.aspx" > Commercial Insurance > /a, and build a multi-level social security system.

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< p > in order to implement the central decision-making and deployment, the three sector research has introduced the policy of tax payment for personal income tax to promote the development of occupational pension and occupational pension.

After the introduction of the second pillar of deferred tax, the third pillar related preferential tax policies also have greater expectations.

According to Xinhua news agency, economic report twenty-first Century < /p >

< p > < strong > news background < /strong > /p >

< p > < strong > what is enterprise annuity and occupational annuity? < /strong > /p >

< p > the payment of enterprise annuity and occupational annuity is like our daily provident fund. Enterprises or units pay part of their employees and pay part of them.

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< p > in the 90s of last century, China began to build a multi level endowment insurance system supported by three pillars.

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After more than 20 years of development, the first pillar of the endowment insurance system has not been fully covered, but coverage has expanded to most of the urban employment population, and the level of protection has gradually increased. P

In contrast, the development of the second and third pillars is relatively slow and needs to be strengthened.

The Ministry of Finance and other three ministries and commissions issued the annuity preferential tax policy, is to expand the second pillars, to promote the development of supplementary endowment insurance.

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< p > enterprise annuity is mainly targeted at enterprises. According to the Ministry of human resources and social statistics, as of the second quarter of 2013, China has established 59362 enterprise annuity enterprises, 19 million 573 thousand employees, and an enterprise annuity fund totaling 536 billion 665 million yuan.

At present, the proportion of employees who take part in occupational pension in the whole country is less than 10%.

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< p > occupational pension is mainly directed against public institutions. At present, occupational annuity has just started pilot in China.

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