What does car insurance tax exemption mean and can insurance be exempt from tax

Tax-free car insurance means that you do not need to pay vehicle and vessel tax when you apply for car insurance.

Vehicle and vessel tax is a tax paid by car owners when purchasing compulsory traffic insurance, and they need to pay it every year.

However, according to the preferential policies related to vehicle and vessel tax issued by relevant state departments in 2018, it is pointed out that new energy vehicles and ships that meet the standards are exempt from vehicle and vessel tax, and the vehicle and vessel tax levied on energy-saving vehicles that meet the standards will be halved.

If it doesn't meet the new standards, you still have to pay it. Many car owners don't know enough about car insurance, and sometimes they may spend money in vainHow many common misconceptions about car insurance have you stepped on?

Vehicle and vessel tax, the full name of which is called vehicle and vessel use tax, is a use tax calculated and levied on vehicles driving on public roads and ships sailing on domestic rivers, lakes or territorial sea ports according to their types (such as motor vehicles, non-motor vehicles, manned vehicles, cargo vehicles, etc.), tonnage and prescribed tax amounts.

When the car owner applies for car insurance, he must pay the vehicle and vessel use tax, which can be paid by the insurance company. Of course, if you insist on going to the tax office, no one will stop you.

The answer is no.

If you don't pay the vehicle and vessel tax, it will have the following consequences:

1. The annual examination is not passed: when the vehicle is not paid, if it is found that it has not been paid, it will be ordered to pay the vehicle before the annual examination is qualified.

2. Insurance will be invalid: If the vehicle and vessel tax is not paid, the annual examination of the vehicle cannot be passed, and the insurance will become invalid.

3. Cumulative late payment fee: If the vehicle and vessel tax exceeds the time limit, there will be a late fee.

From the date of overdue tax, a late fee of 5/10,000 per day will be charged, and the late fee and penalty will be calculated from January 1 of the following year. That is: vehicle and vessel tax late fee = annual tax payable x (5 10000) x number of overdue days, although it seems that the number is not large, but after a long time, the wallet can not bear it.

In general, the car and vessel tax that needs to be paid must be indispensable, don't pay it in order to save money, if you want to save money, you can achieve it by purchasing car insurance reasonably, as for how to buy a good deal, you can see hereHow to buy car insurance is the most cost-effectiveHope!

Harbin low-cost car insurance.

Lowest price in the city.

The three insurance declarations are not floating, the compulsory traffic insurance is exempt from vehicle and vessel tax, and the commercial car insurance is 15% cheaper than the ** car insurance

New cars, cars that have been insured and claimed in the previous year, have a greater advantage.

Just call me on my phone when you come ** (username.

Evergreen Building (near the province).

Buying insurance can be a reasonable way to avoid taxes. China's current law stipulates that individual income tax is not required to receive insurance payments and compensation. This includes death compensation, car damage compensation, medical insurance premiums, and more.

The current laws of our country that insurance compensation are tax-exempt do not require individual income tax to receive insurance compensation and compensation for roller skating. Including death compensation, car damage compensation, medical insurance premiums, etc. The dividend income of participating insurance is also temporarily exempt from individual income tax.

Generally speaking, the insurance company proposes 70% of the distributable profit for dividends every year, and its survival fund can recover interest, and the settlement interest rate last year was mostly , much higher than the one-year fixed deposit interest rate. According to the national policy, enterprises can purchase supplementary pension insurance for employees, and if they are within 4 of the total salary, they can be paid before tax. According to the draft, an estate of more than 800,000 yuan needs to be taxed, and the more the tax, the higher the tax rate, up to 50.

Individual Income Tax Law

Article 4 The following personal income is exempt from individual income tax:

1) Prizes in science, education, technology, culture, health, sports, environmental protection, etc. issued by provincial-level people's ** and *** ministries and commissions, units at or above the army level of the Chinese People's Liberation Army, as well as foreign organizations and international organizations;

2) Interest on treasury bonds and financial bonds issued by the state;

3) Subsidies and allowances issued in accordance with the uniform provisions of the State;

4) Welfare expenses, pensions, and relief funds;

5) Insurance indemnity;

6) Transfer, demobilization and retirement allowances for servicemen;

7) Settling-in allowance, retirement allowance, basic pension or retirement allowance, retirement allowance, and retirement allowance paid to cadres and employees in accordance with the uniform provisions of the state;

8) The income of diplomatic representatives, consuls** and other personnel of embassies and consulates in China who are exempt from tax in accordance with relevant laws and regulations;

9) Income exempted from tax as stipulated in international conventions and agreements signed by China**;

10) Other tax-exempt income as stipulated in ***.

The tax exemption provisions in item 10 of the preceding paragraph shall be reported to the Standing Committee of the National People's Congress for the record.

1.Insurance claims are exempt from individual income tax; [1] 2.The interest income obtained from the housing provident fund, medical insurance premium, basic endowment insurance and unemployment insurance money deposited into the bank personal account in accordance with the proportion stipulated by the national or provincial government shall be exempted from personal income.

According to the provisions of Annex 3 of the Notice of the Ministry of Finance and the State Administration of Taxation on Comprehensively Promoting the Pilot Program of Replacing Business Tax with Value-Added Tax (CS 2016 No. 36), the following items are exempt from VAT:

Life insurance for more than one year provided by an insurance company.

The premium income derived from the product.

Life insurance with a term of more than one year refers to life insurance and pension insurance with an insurance period of one year or more to return principal and interest.

and health insurance for a period of one year or more.

Life insurance refers to life insurance with a person's life as the subject matter of insurance.

Old-age pension insurance refers to life insurance for the purpose of old-age security, with the survival of the insured as the condition for the payment of insurance benefits, and the payment of survival insurance benefits in installments at agreed intervals. Pension insurance shall meet the following conditions at the same time:

1.The insurance contract stipulates that the age at which the survival insurance benefits of the insured shall be paid shall not be less than the retirement age prescribed by the state.

2.The time interval between the two adjacent payments to Xiaoyuan is not cracked, and it is more than one year.

Health insurance refers to life insurance that requires loss due to health reasons as a condition for the payment of insurance benefits.

The above-mentioned tax exemption policies shall be subject to record-filing management, and the specific record-filing management measures shall be implemented in accordance with the announcement of the State Administration of Taxation on the relevant management issues after the cancellation of the approval items for the exemption of business tax for returnable life insurance products with a term of more than one year (Announcement No. 65 [2015] of the State Administration of Taxation).

Except for the projects that have been specified and the policies in Article 5, the above-mentioned preferential VAT policies will be implemented during the pilot period of replacing business tax with value-added tax. If the pilot taxpayers have already enjoyed the preferential business tax in accordance with the relevant policies and regulations before the date of inclusion in the pilot project of replacing business tax with value-added tax, they shall enjoy the relevant value-added tax incentives in accordance with these provisions during the remaining preferential tax policy period. ”

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Question 1: The maintenance of the car is divided into daily maintenance and compulsory maintenance of the 4S shop, the Bi Fan you said belongs to the latter, the first insurance is also called the first insurance, that is, the first compulsory maintenance, the second guarantee and the third guarantee.

By extension, each maintenance has a specified time or number of kilometers; Insurance-free is the maintenance that does not require the owner to pay any fees, some cars only have one warranty is exempt, some cars including two warranties are exempt from insurance, the specific brands and models are different, but there are instructions when buying a car.

Question 2: The former is definitely a fraud and is not legal; The latter must inform the insurance company at the first time of the accident, and if the two parties reach a consensus on the way to report the bill, it is also feasible.

Question 3: ** depends on the model, such as F0, F3, F6, G3, etc., the same model is divided into configurations, such as G3** from 10,000, you can go to the nearest 4S store to consult or BYD.

Sales** Inquiries.

Complete. Extended reading: [Insurance] How to buy, which one is better, teach you to avoid the suspicion of insurance"pits"

Tax-free car insurance means that you do not need to pay vehicle and vessel tax when you apply for car insurance.

However, according to the preferential policies related to vehicle and vessel tax issued by the relevant departments of the national traveler in 2018, it is pointed out that new energy vehicles and ships that meet the standards are exempt from vehicle and vessel tax, and the vehicle and vessel tax levied on energy-saving vehicles that meet the standards is halved.

Supplementary medical insurance and supplementary endowment insurance can be purchased up to 10% of the total annual salary of the enterprise. It can be paid before tax. Enterprises can reasonably and legally purchase life insurance for their employees to achieve the purpose of tax avoidance.

According to the 2003 No. 45 document of the State Administration of Taxation, "the supplementary endowment insurance and supplementary medical insurance paid by the enterprise for all employees according to the proportion or standard stipulated by the provincial people can be deducted before tax", it can be seen that the insurance premiums paid by the enterprise for the employees can be paid before tax.

The notice of the Ministry of Finance on the handling of financial and rubber verification matters related to the purchase of insurance by enterprises for employees (Cai Qi 2003 No. 61) stipulates the amount and scope of expenses for enterprises to purchase commercial insurance for employees. It can be learned that the enterprise takes out 4% of the total salary of employees to purchase commercial insurance for employees, which is completely tax-free, and if the supplementary amount is large, it can also obtain the right to "evenly deduct the expenses in installments within a period of not less than three years"; At the same time, since the insurance money that employees will receive from insurance companies in the future is also tax-exempt according to the tax law, both enterprises and individuals can obtain asset preservation.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Summary. Hello dear! Glad to answer for you :

How to purchase tax-free car insurance: You can call the insurance company** to inquire about a tax paid when paying compulsory insurance for tax-free car insurance, and you need to pay a fee every year. However, according to the preferential policies related to vehicle and vessel tax issued by the relevant state departments, it is pointed out that new energy vehicles and ships that meet the standards are exempt from vehicle and vessel tax, and the vehicle and vessel tax levied on energy-saving vehicles that meet the standards will be halved.

If it doesn't meet the new standards, you still have to pay it.

Hello dear! Glad to answer for you: How to buy tax-free car insurance:

You can call the insurance company** to inquire about tax-free car insurance, pay a tax when you pay the compulsory insurance, and you need to pay a fee every year. However, according to the preferential policies related to vehicle and vessel tax issued by the relevant state departments, it is pointed out that new energy vehicles and ships that meet the standards are exempt from vehicle and vessel tax, and the vehicle and vessel tax collected by energy-saving vehicles that meet the standards will be halved. If it doesn't meet the new standards, you still have to pay it.

Pro-motor vehicle insurance refers to a kind of commercial insurance that is liable for the personal loss or property damage caused by natural disasters or accidents of motor vehicles. Its insurance customers are mainly corporate bodies and individuals with various motorized transportation equipment rental equipment; The subject matter of its insurance is mainly cars of different types, but it also includes special vehicles such as trams and battery cars, as well as motorcycles.

Summary. For the tax-exempt insurance of insurance companies, there are the following common types:1

Tax-free life insurance: This is a form of insurance that provides protection according to the needs of the individual while enjoying the preferential policy of tax exemption. 2.

Tax-free medical insurance: This type of insurance is typically used to pay for medical expenses, can be customized to meet an individual's medical protection needs, and is tax-free. 3.

Tax-free car insurance: This is a special car insurance product that provides coverage for the vehicle and benefits from a tax-free policy at the time of purchase. It is important to note that the specific types of tax-exempt insurance may vary by region, insurance company and policy.

Therefore, when purchasing insurance, it is advisable to consult a professional insurance advisor or contact the insurance company directly to find out which tax-free insurance options are right for you.

For the tax-exempt insurance of insurance companies, there are the following common types:1Tax-free life insurance:

It is a form of insurance that provides coverage based on the needs of the individual while enjoying the preferential policy of tax exemption. 2.Tax-free medical insurance for land pants:

This type of coverage is typically used to cover medical expenses, can be customized to meet an individual's medical protection needs, and is tax-free. 3.Tax-Free Car Insurance:

This is a special car insurance product that provides coverage for the vehicle and is tax-free at the time of purchase. It should be noted that the specific types of tax-free insurance may vary depending on the region, insurance company and policy. Therefore, when purchasing insurance, it is recommended to consult a professional Upgrade Simplified Insurance Consultant or contact the insurance company directly to understand the tax-free insurance options that are suitable for you.

Can you tell us more about that?

The types of tax-exempt insurance offered by insurance companies mainly include tax-free life insurance, tax-free medical insurance and tax-free Xiaozhen car insurance. These types of insurance can provide protection according to individual needs and enjoy tax exemption policies. The specific type of tax-free insurance may vary depending on the region, insurance company and policy, so it is recommended to consult a professional insurance consultant or contact the insurance company when purchasing insurance to bring the tax-free insurance option that suits you.

Clever and coarse.