男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Pension accounts to see big changes

By Tan Xinyu | chinadaily.com.cn | Updated: 2018-04-13 15:24
Share
Share - WeChat
Retirees and homemakers practise taichi at a playground in Chaohu, Anhui province. [Photo by Li Yuanbo/For China Daily]

China will cut taxes on commercial endowment insurance expenses for individuals in Shanghai, Fujian province and the Suzhou Industrial Park through pre-tax deduction starting May 1.

Past that date, yields from individual commercial pension accounts will also be free of tax charges, but an individual has to pay his or her income tax when getting a business pension in the future.

The one-year pilot plan on individual tax-deferred commercial endowment insurance was announced on April 2 by five government bodies, including the Ministry of Finance, State Administration of taxation and China Securities Regulatory Commission, in an effort to build a multi-level aging insurance system.

According to the announcement, the tax base for individuals living on salaries will take out 1,000 yuan ($159.03) if six percent of their remuneration is more than 1,000 yuan per month; for individuals running a business, the highest deduction will be 12,000 yuan if six percent of their taxable income exceeds 12,000 yuan each year.

When individuals could benefit from their commercial pension, 25 percent of the pension is exempted from levy and the remaining 75 percent is paid at a proportional tax rate of 10 percent.

Pension reforms often involve three pillars of the system: the first, a traditional public pension supported by government; the second is a corporate annuity and occupational pension and the third is an individual tax-deferred pension.

"As China's aging problem looms, it is essential to build up the third pillar for elderly support. Commercial insurance will be an important part in the country's aging security system, and has huge potential," Liu Zhe, deputy director of the WANB Institute, told Securities Daily.

Also in the announcement was an assertion the individual commercial pension account is expected to be applied to more financial products, such as public offering of funds, and a relevant supervision system will be established.

The newspaper cited Hu Lifeng, a researcher at China Galaxy Securities Co, as saying the announcement signifies the official launch of the "third pillar" for individual pension.

Hu predicted when the pension plan rolls out after the pilot, tax deduction quotas for public offering of funds will be greatly increased, so as to lead more funds into the capital market. Thus, the real economy will be better improved Hu said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 福贡县| 手游| 枣强县| 寿阳县| 冕宁县| 雅江县| 陕西省| 宁国市| 托克逊县| 祥云县| 正安县| 瑞丽市| 铜梁县| 腾冲县| 甘肃省| 丹凤县| 鄄城县| 陵川县| 临湘市| 洞头县| 天全县| 德庆县| 合江县| 长寿区| 阿瓦提县| 濮阳县| 晴隆县| 丹巴县| 安新县| 青海省| 济阳县| 获嘉县| 波密县| 柘城县| 宽城| 临湘市| 南溪县| 本溪| 白朗县| 武乡县| 泸西县|