Announcement of the State Administration of Taxation on Matters Concerning the Deduction of Liability Insurance Premiums Before the Calculation of Enterprise Income Tax

Announcement of the State Administration of Taxation on Matters Concerning the Deduction of Liability Insurance Premiums Before the Calculation of Enterprise Income Tax

Announcement of the State Administration of Taxation [2018] No.52

October 31, 2018

In accordance with relevant provisions of the Law of the People's Republic of China on Enterprise Income Tax and the Implementing Regulations of the Law of the People's Republic of China on Enterprise Income Tax, the tax treatment concerning the employer liability insurance, public liability insurance and other types of liability insurance is hereby announced as follows:

Insurance premiums paid, as required, by enterprises for the employer liability insurance, the public liability insurance and other types of liability insurance they take out, are deductible from the taxable income for the enterprise income tax purpose.

This Announcement shall apply to the final settlement of the annual enterprise income tax in 2018 and afterwards.
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