A new tax policy! It will be implemented on August 1!
recent days
Issued by the State Financial Supervision and Administration Bureau
On the application of personal income tax of commercial health insurance
Notice on Relevant Matters of Preferential Policy Products "
Tax incentives and new policies.
It will be officially implemented on August 1.

△ official website, State Financial Supervision and Administration Bureau
What are the key contents?
Knock on the blackboard!
Focus on:
1. These commercial health insurances can also be deducted before tax.
The scope of commercial health insurance products subject to personal income tax preferential policies will be expanded to the main types of commercial health insurance, including medical insurance, long-term care insurance and sickness insurance.
Note: the insurance period or guaranteed renewal period of medical insurance is not less than 3 years; The insurance period of long-term care insurance and sickness insurance is not less than 5 years.
Analysis: From the original medical insurance, it has expanded to include medical insurance, long-term care insurance and sickness insurance.
Relevant preferential policies: Commercial health insurance with personal income tax preferential policies is allowed to be deducted before tax when calculating taxable income in the current year (month), with a limit of 2,400 yuan/year (200 yuan/month).
2. Expand the group of product insured.
The insured of commercial health insurance to which preferential policies are applicable may be the applicant himself or his spouse, children or parents.
3. Different protection schemes are allowed for people with previous diseases.
1) The coverage of medical insurance should be well connected with the basic medical insurance, and the protection of reasonable medical expenses should be strengthened. For the applicant who applies the preferential tax policy of commercial health insurance to insure himself, he shall not refuse to insure or be liable because of his past medical history. Different protection schemes can be set up for people with previous diseases to make fair and reasonable pricing. Medical expenses insurance for treating specific diseases, or medical expenses insurance for treating specific diseases and medical devices are not subject to this requirement.
2) Long-term care insurance should provide targeted care for people of different ages. Encourage the development of products for people with past diseases and the elderly. Encourage the development of products that meet the life-long security needs of working people. Encourage the exploration of payment methods suitable for home care, community care and institutional care.
3) Sickness insurance should set a reasonable scope and duration of protection responsibility, so as to effectively enhance the product support capability. Encourage the development of products for people with past diseases and the elderly.
4. Establish an information account for collecting and recording commercial health insurance.
The information platform establishes an information account for the policyholders of commercial health insurance with personal income tax preferential policies, and generates a unique identification code, which is used to collect and record all relevant information of commercial health insurance with personal income tax preferential policies insured by the policyholders, and supports the policyholders to deduct personal income tax before tax in accordance with relevant regulations.
Note: the identification code and the insurance contract are independent of each other.
5. A life insurance company that meets the following conditions may carry out related business.
Personal insurance companies that meet the following conditions can carry out commercial health insurance business that is applicable to individual income tax preferential policies: the owner’s equity at the end of last year is not less than 3 billion yuan; At the end of last year, the comprehensive solvency adequacy ratio is not less than 120%, and the core solvency adequacy ratio is not less than 60%; The coverage rate of the liability reserve at the end of the previous year shall not be less than 100%; Have a business management system that meets the requirements, and complete the system docking with the commercial health insurance information platform.
Note: A health insurance company with prominent main business, standardized business development and sound internal management mechanism may be exempted from the restriction in the first paragraph of this article.
6 focus on investigating the following illegal acts
The General Administration of Financial Supervision and its dispatched offices shall strengthen the daily supervision of commercial health insurance with preferential policies for individual income tax, maintain normal market order and effectively protect the legitimate rights and interests of consumers. Focus on investigating the following illegal acts:
Falsely stating or exaggerating commercial health insurance products and related personal income tax preferential policies;
Selling inapplicable commercial health insurance products in the name of applicable individual income tax preferential policies; Medical insurance fails to cover people with past illnesses as required; Failing to design commercial health insurance products as required; Failing to carry out business retrospective analysis as required; Other acts recognized by the General Administration of Financial Supervision and its dispatched offices. For problems found in product management, sales management, information disclosure, etc., regulatory measures such as risk warning, regulatory interviews, ordering rectification within a time limit, or administrative punishment shall be taken according to law; Those suspected of committing crimes shall be transferred to judicial organs for handling.
7. Implemented since August 1st this year.
This notice shall be implemented as of August 1 this year.
The Notice of the China Insurance Regulatory Commission on Printing and Distributing the Interim Measures for the Administration of Personal Tax Preferential Health Insurance Business, the Notice of the China Insurance Regulatory Commission on Printing and Distributing the Guidance Framework and Model Clauses of Personal Tax Preferential Health Insurance Products, and the Notice of the General Office of the China Insurance Regulatory Commission on Relevant Matters Concerning the Development of Personal Tax Preferential Health Insurance Business shall be abolished at the same time.
Commercial health insurance products that do not meet the requirements of this notice and are subject to individual income tax preferential policies should stop new business sales from the date of implementation of this notice, and life insurance companies should do a good job in customer service such as follow-up payment and claim settlement of effective policies to protect the legitimate rights and interests of policyholders, insured and beneficiaries.
Tax relief, collection!
1 individual industrial and commercial households, not more than 1 million yuan.
From January 1 this year to December 31, 2024, individual income tax will be levied by half on the part of individual industrial and commercial households whose annual taxable income does not exceed 1 million yuan on the basis of the current preferential policies.
Policy basis: Announcement of the Ministry of Finance and the State Administration of Taxation on Preferential Income Tax Policies for Small and Micro Enterprises and Individual Industrial and Commercial Households.
2. Legal aid subsidies obtained by legal aid personnel
Since January 1, 2022, the legal aid subsidies obtained by legal aid workers in accordance with the provisions of the People’s Republic of China (PRC) Legal Aid Law shall be exempted from value-added tax and personal income tax.
When paying legal aid subsidies to legal aid workers, legal aid institutions shall apply for tax exemption declaration of personal income tax and labor remuneration for the subsidized legal aid workers.
Policy basis: Announcement of the Ministry of Finance and the State Administration of Taxation on Tax Policies Concerning Legal Aid Subsidies.
3 do not belong to the nature of wages and salaries subsidies, allowances.
The following subsidies and allowances that do not belong to the nature of wages and salaries, or income that does not belong to the taxpayer’s own wages and salaries, are not taxed: one-child subsidies; Child care subsidy; Travel allowance, meal allowance.
Among them, according to the provisions of the Ministry of Finance, individuals who work in urban and suburban areas on business, can’t go to work or return to eat, and really need to eat out, will receive meal fee according to the actual number of meals missed, and no personal income tax will be levied. Subsidies and allowances paid by some units to employees in the name of meal-missing subsidies shall be incorporated into the income from wages and salaries of the current month and personal income tax shall be levied.
Policy basis: "State Taxation Administration of The People’s Republic of China on printing and distributing
<征收个人所得税若干问题的规定>Notice of the Ministry of Finance of State Taxation Administration of The People’s Republic of China on the issue of determining the scope of meal allowance.征收个人所得税若干问题的规定>
4. Official vehicles, communication subsidy income
Personal income tax shall be calculated and withheld according to the items of "salary and salary" after deducting certain standard official expenses for official vehicles and communication subsidy income obtained by individuals due to the reform of official vehicles and communication system.
The deduction standard of official expenses shall be investigated and calculated by the provincial local taxation bureau according to the actual situation of taxpayers’ official transportation and communication expenses, and shall be determined after being approved by the provincial people’s government and reported to State Taxation Administration of The People’s Republic of China for the record.
Policy basis: Notice of State Taxation Administration of The People’s Republic of China on Policy Issues Concerning Individual Income Tax.
5. Welfare expenses (living allowance)
Living allowance paid to individuals from welfare funds retained by enterprises, institutions, state organs and social organizations or trade union funds shall be exempted from personal income tax. Living allowance refers to the temporary living allowance paid by the employer to the taxpayer from the retained welfare funds or trade union funds according to the provisions of the state because of certain specific events or reasons that cause certain difficulties to the normal life of the taxpayer himself or his family.
Policy basis: Individual Income Tax Law of People’s Republic of China (PRC) and Notice of State Taxation Administration of The People’s Republic of China on Determining the Scope of Living Allowance.
6. Relief funds and pensions
Relief funds and pensions are exempt from personal income tax. Among them, the relief fund refers to the subsidy paid to individuals by the civil affairs departments of people’s governments at all levels.
Policy basis: Individual Income Tax Law of People’s Republic of China (PRC) and Regulations for the Implementation of Individual Income Tax Law of the People’s Republic of China.
7. Work injury insurance benefits
The treatment of work-related injury insurance obtained by employees with work-related injuries and their close relatives in accordance with the Regulations on Work-related Injury Insurance shall be exempted from personal income tax. Among them, the treatment of work-related injury insurance includes: one-time disability subsidy, disability allowance, one-time work-related injury medical subsidy, one-time disability employment subsidy, work-related injury medical treatment, in-hospital food subsidy, transportation and accommodation expenses for medical treatment in other places, work-related injury rehabilitation expenses, assistive devices expenses, life care expenses, etc., as well as funeral subsidy, dependent relatives pension and one-time work-related death subsidy obtained by close relatives of workers who died at work according to the regulations of work-related injury insurance.
Policy basis: Notice of the Ministry of Finance of State Taxation Administration of The People’s Republic of China on Individual Income Tax Policies for Work-related Injury Insurance Benefits Obtained by Workers with Work-related Injury Insurance Regulations.
8 units and individuals to pay the "three insurance and one gold"
Enterprises and institutions in accordance with the provisions of the actual payment of basic old-age insurance, basic medical insurance and unemployment insurance, exempt from personal income tax;
The basic old-age insurance premiums, basic medical insurance premiums and unemployment insurance premiums paid by individuals in accordance with regulations are allowed to be deducted from the taxable income of individuals;
Units and individuals are not more than 12% of the average monthly salary of employees in the previous year, and the actual housing provident fund paid by them is allowed to be deducted from the personal taxable income.
Policy basis: Notice of State Taxation Administration of The People’s Republic of China, Ministry of Finance on Individual Income Tax Policies for Basic Endowment Insurance, Basic Medical Insurance, Unemployment Insurance and Housing Provident Fund.
9. Personal withdrawal of "three insurances and one gold"
Personal income tax shall be exempted when the individual actually receives (supports) the basic old-age insurance, basic medical insurance, career insurance and housing accumulation fund originally deposited.
Policy basis: Notice of State Taxation Administration of The People’s Republic of China, Ministry of Finance on Individual Income Tax Policies for Basic Endowment Insurance, Basic Medical Insurance, Unemployment Insurance and Housing Provident Fund.
10. Maternity allowance
Maternity allowance, maternity medical expenses or other allowances and subsidies that belong to maternity insurance are exempt from personal income tax according to the maternity insurance measures formulated by the people’s governments at or above the county level according to the relevant provisions of the state.
Policy basis: Notice of the Ministry of Finance of State Taxation Administration of The People’s Republic of China on Personal Income Tax Policies Concerning Maternity Allowance and Maternity Medical Expenses.
11 according to the unified provisions of the state subsidies and allowances.
Subsidies and allowances paid in accordance with the unified provisions of the state shall be exempted from personal income tax.
Among them, the subsidies and allowances issued in accordance with the unified regulations of the state refer to the special government allowances, academician allowances, senior academician allowances and other subsidies and allowances exempted from individual income tax in accordance with the regulations of the State Council.
Policy basis: Individual Income Tax Law of People’s Republic of China (PRC) and Regulations for the Implementation of Individual Income Tax Law of the People’s Republic of China.
12. Retirement fees, retirement fees, etc.
According to the unified regulations of the state, the settling-in allowance, resignation fee, basic pension or retirement fee, retirement fee and retirement living allowance paid to cadres and workers shall be exempted from personal income tax.
Policy basis: Individual Income Tax Law of People’s Republic of China (PRC).
13. Extend the subsidies obtained by retired senior experts.
Senior experts (experts and scholars who enjoy special government allowances granted by the state and academicians of China Academy of Sciences and China Academy of Engineering) who have reached the retirement age, but really need to extend their retirement age due to work, shall be regarded as retirement wages and retirement wages, and shall be exempted from personal income tax.
Policy basis: Notice of State Taxation Administration of The People’s Republic of China of the Ministry of Finance on Several Policy Issues concerning Individual Income Tax.
14. Cash reward for post conversion of scientific and technical personnel
Non-profit research and development institutions and institutions of higher learning approved in accordance with the law on promoting the transformation of scientific and technological achievements in People’s Republic of China (PRC), the cash rewards given to scientific and technological personnel from the income from the transformation of post scientific and technological achievements can be included in the "salary and salary income" of scientific and technological personnel in the current month at a reduced rate of 50%, and personal income tax can be paid according to law.
Policy basis: Notice of the Ministry of Finance and the Ministry of Science and Technology of the State Administration of Taxation on the Individual Income Tax Policy for Scientific and Technological Personnel to Earn Cash Rewards for the Transformation of Scientific and Technological Achievements, and Law of People’s Republic of China (PRC) Municipality on Promoting the Transformation of Scientific and Technological Achievements.
15. Scientific and technical personnel equity award
Scientific research institutions and institutions of higher learning give individual rewards to scientific and technological personnel in the form of shares or capital contribution ratio, and after examination and approval by the competent tax authorities, personal income tax will not be levied temporarily.
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Original title: "A new tax policy! It will be implemented on August 1! 》
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