Is The Holiday Subsidy Paid From Trade Union Funds Paid?

During the festival, a lot of enterprises' trade union organizations have prepared holiday gifts for their employees. For this reason, the financial staff wondered whether the holiday subsidy from the union funds would also involve the withholding of personal income tax.

Answer: the fourth provision of the personal income tax law stipulates that the following personal income is exempt from personal income tax:

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Three. Subsidies and allowances issued in accordance with the uniform provisions of the state;

Four, welfare costs, pensions, relief payments;

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The thirteenth provision of the regulations on the implementation of the personal income tax law stipulates that subsidies and allowances issued in accordance with the uniform provisions of the state in the fourth articles and third items of the tax law refer to the government special allowance, academician allowance, senior academician allowance, and other allowances and allowances granted by the state Council for the exemption of personal income tax according to the provisions of the State Council.

The fourteenth provision stipulates that the fourth welfare items mentioned in the fourth tax law refer to the welfare cost retained by enterprises, public institutions, state organs and social organizations according to the relevant provisions of the state.

The allowance for personal payments paid to individuals is defined as the allowance for living expenses for the Civil Affairs Department of the people's government at all levels.

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The notice on the determination of the scope of living allowance "(tax No. 1998] No. 155) stipulates that the fourteenth subsection of the" Regulations on the implementation of the People's Republic of China personal income tax law "refers to the subsistence allowance paid to individuals from welfare or trade union funds.

I. The Life mentioned above

It refers to a certain difficulty in the normal life of a taxpayer or his family due to specific events or reasons, and the temporary life hardship allowance paid by his or her office unit from the welfare cost or trade union funds retained by the state according to the state regulations.

Two, the following income does not belong to the scope of welfare tax exemption, should be incorporated into the taxpayer's salary and salary income to collect personal income tax: (1) the welfare benefits from the proportion or base of the state regulations, the various subsidies and subsidies paid to the individual in the trade union funds; (two) everyone's allowance and subsidy paid to the employees of the unit from the welfare and trade union funds; and (three) the purchase of cars, houses, computers, etc. by the unit for individuals who do not belong to the temporary life hardship subsidies.

According to the above provisions, every person's holiday allowance paid by the enterprise through the labor union funds does not belong to the tax-free subsidy or welfare cost stipulated in the personal income tax law, and shall be incorporated into the wages and Salaries Income of the workers that are paid in the same month, and the personal income tax shall be withheld.

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With the gradual establishment of the socialist market economic system, accounting work is playing an increasingly important role in the management of enterprises.

We must persist in grasping production and development and grasping financial management at the same time. We must not only benefit from production, but also benefit from management, and management is also productive force.

There is a close relationship between financial management and economic benefits.

The central goal of the enterprise is to achieve maximum economic benefits with smaller consumption. Strengthening financial management can promote enterprises to tap the potential, control costs and reduce consumption. Through the mobilization of funds, efforts should be made to use funds to raise the use of funds and prevent the waste of funds. Through the management of survival, we can optimize inventory structure, reduce inventory backlog and achieve economic inventory. By pulling prices, we can increase the income of enterprises. Through the management of state-owned assets, we can promote the rational and effective use of state-owned assets, and preserve and increase the value of state-owned assets.

Therefore, giving full play to the leading role of financial management can improve economic efficiency more effectively.

Through accounting, the raw data are collected, pmitted, classified, registered, summarized, summarized, stored, processed into useful economic management information; then financial analysis is carried out to evaluate and analyze the process and results of financial activities of enterprises, and the future financial activities and their results are predicted and tested.

Through this series of financial management links, enterprises can provide accurate and real information to the outside world, thus contributing to national macro regulation and control, so that investors can make reasonable investments. Banks make credit decisions and tax authorities levy taxes according to law.