Yin Ping, a tobacco company in Jiangxi Province.
A: Enterprise annuity and occupational annuity are important supplements to the national basic old-age insurance and an important part of China's multi-level old-age insurance system. The Decision of the Central Committee of the Communist Party of China on Several Major Issues of Comprehensively Deepening Reform adopted by the Third Plenary Session of the 18th CPC Central Committee (hereinafter referred to as the Decision) proposed that "preferential policies such as tax exemption and deferred tax payment should be formulated and implemented, enterprise annuities, occupational annuities and commercial insurance should be accelerated, and a multi-level social security system should be constructed". According to the notice, the personal income tax payable for "enterprise annuity" and "occupational annuity" shall be paid by the annuity entrusted by the individual when the individual retires, and the self-tax period is 20 14 1 (from the reporting period of 20 1 April1). Adjusting the individual income tax policy of enterprise annuity and occupational annuity is an important measure to implement the requirements of the Decision, further promote the development of enterprise annuity and occupational annuity, optimize the income distribution pattern and improve the social security system. In order to do a good job in the collection and payment of the above taxes, combined with the spirit of the notice, the relevant tax declaration matters are analyzed as follows:
Different links have different tax declaration requirements.
Under normal circumstances, personal income tax is withheld and remitted by the unit that pays the income. In other words, which unit pays income and which unit is responsible for withholding and paying taxes. In order to facilitate tax collection and management, and facilitate taxpayers and withholding agents to pay taxes, the Notice, in combination with the operating characteristics of annuities, puts forward clear requirements for tax declaration and management in all aspects of establishing annuity plans, payment and collection:
First, after the establishment of the annuity plan, the unit shall submit the annuity plan, the plan filing letter issued by the human resources and social security department, the plan confirmation letter and other relevant materials required by the competent tax authorities within 15 days of the establishment of the annuity plan. Where the annuity plan, trustee and custodian are changed, the above information shall be re-submitted to the competent tax authorities within 15 days after the change, and the tax authorities shall register for the record. Second, in the payment link, the individual work unit calculates the withholding personal income tax for it and reports the payment to the competent tax authorities. Third, in the collection process, the tax payable is withheld and remitted by the trustee on behalf of the principal. The annuity account manager shall provide the trustee with the individual annuity payment and the corresponding individual income tax payment details in time. According to the instructions of the trustee and the information provided by the account manager, the custodian shall calculate the tax payable of the withholding individual who receives the annuity treatment in the current period in accordance with the regulations, and report and pay it to the competent tax authorities.
It is worth noting that the Notice continues the relevant policies of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Relevant Issues Concerning the Collection and Management of Individual Income Tax on Enterprise Annuities (Guo [2009] No.694), which stipulates that units and custodians must declare the individual income tax in full in accordance with the provisions of the tax law. The Notice emphasizes that tax-related information should be transmitted in a timely manner among the units, customers, trustees and account managers who establish annuity plans. The trustee is responsible for overall coordination and urging the relevant institutions to handle the withholding declaration according to law and provide tax-related information to the tax authorities. In other words, the annuity payment and collection link implements the detailed declaration of full withholding of personal income tax. In the annuity payment link, the individual work unit will calculate and withhold the individual income tax together with the salary and salary income of the current month, and report and pay to the competent tax authorities of the individual work unit; In the process of annuity collection, when the custodian pays the annuity treatment for the individual, it calculates the personal income tax withheld and remitted according to the annuity income of the individual in the current month, previous payment and tax payment, and reports and pays to the competent tax authorities of the custodian.