First, the definition of personal income tax on commercial insurance
Personal income tax on commercial insurance refers to the personal income tax that the insured needs to pay to the state according to the provisions of the national tax law after purchasing commercial insurance, such as insurance premium or dividend income obtained in the insurance contract.
Second, the payment method of personal income tax on commercial insurance
Pay in accordance with the provisions of the insurance contract
When purchasing commercial insurance, the applicant needs to pay the corresponding personal income tax in accordance with the provisions of the insurance contract when receiving income such as insurance money or dividend income. Under normal circumstances, the insurance company will collect and remit this part of the tax, and turn it over to the state tax department in accordance with the time and manner stipulated by the state.
Calculate and pay in accordance with the provisions of the national tax law.
According to the national tax law, the insured needs to pay personal income tax at a certain tax rate. Generally speaking, the tax rate will be different according to different insurance products and income types. The insured can check the website of the national tax department or consult relevant departments to understand the specific tax rate calculation method.
Self declaration and payment
If the insured fails to pay personal income tax in accordance with the provisions of the insurance contract, or the insurance company fails to collect and remit it, the insured needs to declare and pay personal income tax to the national tax authorities by himself. The insured can download the declaration form from the website of the local tax department, fill in the relevant information as required and submit the declaration.
Three, commercial insurance personal income tax matters needing attention
Timely payment of personal income tax: the insured needs to pay personal income tax in a timely manner according to the time and method stipulated by the national tax law, so as to avoid late payment fees or influence personal credit records due to unpaid taxes.
Keep relevant vouchers: the insured needs to keep relevant vouchers such as insurance contracts, insurance policies and claims applications. Used when filing and paying personal income tax.
Reasonable tax planning: the insured can reduce the burden of personal income tax by reasonable tax planning. For example, you can choose to buy commercial insurance products with preferential tax policies, or use policies such as special deduction of personal income tax for tax planning.
Understand the relevant policies and regulations: the insured needs to understand the relevant national policies and regulations on personal income tax of commercial insurance, as well as local policy differences, so as to avoid unnecessary tax risks caused by not understanding the policies.
In short, the payment of personal income tax in commercial insurance is an obligation that the insured must fulfill. The insured should understand and abide by the relevant national laws and policies, make reasonable tax planning, ensure the legal and compliant payment of personal income tax, and safeguard their own tax rights and interests.
I became a father. If you have any insurance-related questions, please contact Bao Da for consultation!