Can I Deduct Health Insurance?

On December 25, 2015, the State Administration of Taxation announced that No. 93 of 2015 issued the "State Administration of Taxation's Announcement on Issues Concerning the Collection and Management of Pilot Implementation of Commercial Health Insurance Individual Income Tax Policies". This announcement comes into effect on January 1, 2016. ^[1]

Announcement of the State Administration of Taxation on the Collection and Management of the Pilot Implementation of the Individual Income Tax Policy for Commercial Health Insurance

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On December 25, 2015, the State Administration of Taxation announced that No. 93 of 2015 issued the "State Administration of Taxation's Announcement on Issues Concerning the Collection and Management of Pilot Implementation of Commercial Health Insurance Individual Income Tax Policies". This announcement comes into effect on January 1, 2016. ^[1]

Announcement of the State Administration of Taxation on the Collection and Management of the Pilot Implementation of the Individual Income Tax Policy for Commercial Health Insurance

Announcement of the State Administration of Taxation No. 93 of 2015

In order to implement the Notice of the Ministry of Finance and the State Administration of Taxation's Insurance Regulatory Commission on the Pilot Implementation of the Individual Income Tax Policy for Commercial Health Insurance (Caishui [2015] No. 126),

Business health insurance deduction details

Period: year-month-day to year-month-day Amount unit: RMB yuan (listed to Jiaofen)

Withholding agent (invested unit)
name				Taxpayer Identification Number
Business health insurance deductions
Serial number	Name	ID Type	ID Number			Tax ID		year Premium	Monthly Premium	Deduction amount for the period
I hereby declare that this form is completed in accordance with the Personal Income Tax Law of the People s Republic of China and relevant laws and regulations, and is true, complete and reliable. Signature of the person in charge of the taxpayer or withholding agent:
Signature of the reporting agency (person): Manager: Manager's Practice Certificate Number: Declaration date of the agent:					Acceptance chapter of the competent tax authority: Recipient: Date of acceptance:

State Administration of Taxation producer

Fill in the instructions

This form applies to the pre-tax deduction declaration for the purchase of qualified commercial health insurance expenses by individuals. This form is accompanied by the "Withholding Individual Income Tax Report Form", "Annual Return on Individual Income Tax for Specific Industries", "Tax Return for Personal Income Tax Production (A Form)", and "Tax Return for Personal Income Tax Production (B)" Report together.

I. Period of ownership: In accordance with the "Withholding Individual Income Tax Report Form", "Annual Return of Individual Income Tax for Specific Industries", "Tax Return for Individual Income Tax Production and Operation (Form A)", "Tax Return for Individual Income Tax Production and Operation ( Form B) "Fill in the tax period".

2. Withholding agent (invested unit)

Fill in the information of withholding agents, individual industrial and commercial households, enterprises and institutions contracted and leased, sole proprietorships and partnerships.

3. Pre-tax deductions for commercial health insurance

1. Name, ID type, ID number: The withholding agent shall fill in the relevant contents of the "Withholding Individual Income Tax Report Form" and "Annual Return of Individual Income Tax for Specific Industries"; individual industrial and commercial household owners, enterprises and institutions contracted for lease operation Investors, sole proprietorships and investors in partnerships should fill in according to their actual conditions.

2. Tax identification code: In order to ensure the uniqueness, authenticity and validity of tax preferential commercial health insurance policies, the commercial health insurance information platform verifies the policyholders according to the principle of "one person, one single code". A digital identification code issued to an insurance company and printed on the policy.

3. Annual premium: Fill in the total premium of the policy during the policy year.

4. Monthly premiums: Fill in the monthly premiums for monthly paid policies, and fill in the annual premiums divided by 12 for annual one-off policies.

5. Deduction amount in the current period: When the withholding declaration is made, if the monthly premium is greater than 200 yuan, fill in the standard of not exceeding 200 yuan; if the monthly premium is less than 200 yuan, fill in the standard of not exceeding the monthly premium; individual business owners, companies When the public institution contracting and leasing operator, sole proprietorship, and partnership investor declares, if the annual premium is greater than 2400 yuan, it shall be filled in as the standard does not exceed 2400 yuan; if the annual premium is less than 2400 yuan, it shall be filled in as the standard does not exceed the annual premium. ^[1]