The state launches social security to protect the retirement life of the elderly in the country. Moreover, the country has entered the stage of population aging, and it is urgent to achieve national social security coordination. In order to better manage whether enterprises have paid social security, the state has launched a social security tax policy. Social security income tax is an important measure to respond to the challenges of the times, promote income equity, and optimize the social security structure. Social security income tax companies will be hugely impacted.

What impact does the social security tax have on enterprises and individuals?

1 Enterprise

After the social security tax is added, all major domestic enterprises must pay social security for their regular employees . In other words, with the unified transfer of social security collection and payment to the tax department, companies will have to pay social security fees in strict accordance with the requirements. If an enterprise is discovered to have other capital flows, it will definitely be classified as tax evasion in the end, and the space for evading social security fees will be reduced.

2 individuals

Social security income tax is good for individuals, and companies will not have to conceal or lower the social security payment base. After that, workers will pay social insurance premiums in accordance with regulations, which will actually give themselves a stronger guarantee in terms of medical insurance and future pensions.

The above is the impact of social security income tax on enterprises and individuals in this article. The detailed analysis is as follows. I hope it can help everyone. After the taxation of social insurance, many complicated steps have been reduced. It is clear that social insurance premiums will be collected and managed uniformly by the tax department, and the steps such as registration, review, collection, collection of arrears, and transfer will be reduced. Once an enterprise fails to pay social security or underpays social security, it is tax evasion.