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Data:2009-12-12 2:34
Now countries have tax interest income on bank deposits, but would also like to pay taxes on the insurance do? China's tax law provides that: individuals to obtain insurance indemnity granted income tax in the calculation of the amount of deductible, that is, the insurance indemnity or payment of insurance money shall be exempted from personal income tax.
In other words, the insurance company's compensation is insured accident victims, compensation is paid, payment of insurance payments are based on contract expiration, or to achieve certain conditions, payments, these are not personal income, so do not pay taxes. China's relevant laws on this are clearly defined.
In addition, our civil and insurance law: the death of the insured person to obtain insurance payments are able to include the death of the insured person's estate, depending on whether the insured person designated beneficiary. Is not specified, the death benefits as the legacy of the insured person; specified, the death benefits enjoyed by the beneficiaries and not included in the insured estate and does not levy inheritance tax.
