What is the enterprise income tax deduction standard for enterprise annuity? According to CS CS [2013] No. 103 document, the part of annuity paid by an individual according to relevant national policies and regulations that does not exceed 4% of the tax base of the salary paid by the individual shall be temporarily deducted from the taxable income of the individual in the current period. The part of the annuity paid by the unit and the individual in excess of the standard specified in this Circular shall be incorporated into the individual's income from wages and salaries of the current period and be subject to individual income tax according to law. The tax shall be withheld and paid by the entity that has established the annuity and reported to the competent tax authority for payment. The tax base of individual contribution salary of enterprise annuity is the average monthly salary of the previous year. The average monthly salary shall be calculated according to the items listed in the payroll statistics as stipulated by the National Bureau of Statistics. The part of the average monthly salary that exceeds more than 300% of the average monthly salary of the employees in the previous year in the district city where the employees work shall not be included in the tax base of individual contribution salary. Is this easy to understand?
