The full text is as follows.
Announcement on personal income tax policy of personal pension
Announcement No.34, 2022 of the Ministry of Finance and the State Administration of Taxation
In order to implement the relevant requirements of the Opinions of the General Office of the State Council on Promoting the Development of Individual Pensions (No.7 [2022] of the State Council), the relevant individual income tax policies on individual pensions are hereby announced as follows:
1. From 2022 1 month 1 day, the preferential tax payment policy for individual pensions will be implemented. In the payment link, the individual's contribution to the personal pension fund account is deducted from the comprehensive income or operating income according to the limit standard of 12000 yuan/year; In the investment link, personal income tax will not be levied on the investment income included in the personal pension fund account for the time being; In the collection process, the personal pension received by an individual is not incorporated into the comprehensive income, and the personal income tax is calculated and paid separately at the rate of 3%, and the tax paid is included in the "income from wages and salaries" project.
Two, when individuals enjoy pre-tax deduction, the deduction certificate issued by the personal pension information management service platform is the tax deduction certificate. Where the income from wages and salaries is obtained and the income from personal income tax and labor remuneration is withheld in advance according to the cumulative withholding method, the payment can be deducted according to the facts within the limit standard when withholding and prepayment in the current year or final settlement in the next year. If you choose to withhold and prepay in the current year, you should provide the relevant vouchers to the withholding unit in time. The withholding unit shall, in accordance with the relevant requirements of this announcement, handle the relevant matters of pre-tax deduction for taxpayers. Where other labor remuneration, royalties, royalties and other income or business income are obtained, the payment shall be deducted within the limit standard when it is settled in the following year. When an individual receives a personal pension according to the regulations, the commercial banking institution in the city where the personal pension fund account is opened shall withhold and remit the personal income tax payable.
Third, the human resources and social security department and the tax department should establish an information exchange mechanism, exchange the tax-related information of personal pension to the tax department through the personal pension information management service platform, and cooperate with the tax department to do the relevant tax collection and management work.
Four, the relevant branches of commercial banks should promptly declare the tax situation of taxpayers who open personal pension funds accounts in the bank in full and in full, so as to ensure that the information is true and accurate.
Five, all levels of finance, human resources and social security, taxation, financial supervision and other departments should cooperate closely, earnestly organize the implementation, and timely report the difficulties and problems encountered in the implementation of this announcement to the higher authorities.
VI. The tax policies stipulated in this announcement shall be implemented in the cities with individual pensions as of 2022 1 month/day.
The list of leading cities for individual pensions shall be released separately by the Ministry of Human Resources and Social Security in conjunction with the Ministry of Finance and the State Administration of Taxation. Shanghai, Fujian, Suzhou Industrial Park and other areas that have implemented individual tax deferred commercial endowment insurance pilots will be implemented in accordance with the tax policies stipulated in this announcement from 2022 1 month 1 day.
It is hereby announced.
Ministry of Finance and State Administration of Taxation
2022 1 1 3rd of the month