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Is paying taxes the same as paying social security
1, social security costs are borne by employers and workers **** the same, used to provide security for old age, medical care, unemployment, work injury and maternity;
2, tax is a mandatory financial income paid to the state by enterprises and individuals in accordance with the law;
3, the part of social security costs borne by the unit can be deducted before the corporate income tax;
4, The part borne by individuals is included in the total wages and deducted before personal income tax.
Types and functions of social security:
1. Pension insurance: to provide basic livelihood protection after retirement;
2. Medical insurance: to alleviate the financial burden of medical treatment due to illness;
3. Unemployment insurance: to provide basic living expenses and employment services during the period of unemployment;
4. Worker's accident insurance: to provide medical expenses and living
5. Maternity insurance: protects the basic income and medical expenses of female workers during childbirth.
In summary, tax is a mandatory financial income paid by enterprises and individuals to the state in accordance with the law, while social security costs are borne by employers and workers*** together to provide basic protection, and the part of the burden of social security in the unit and the individual can be deducted in the calculation of the corporate income tax and personal income tax before tax.
Legal basis:
The Individual Income Tax Law of the People's Republic of China
Article 13
Taxpayers who do not have a withholding agent for the taxable income they receive shall submit a tax return to the tax authorities within fifteen days of the month following the month in which they receive the income and pay the tax.
Taxpayers obtaining taxable income without a withholding agent shall pay the tax before June 30 of the year following the year in which the income was obtained; if the tax authorities notify the taxpayer of the deadline for payment, the taxpayer shall pay the tax in accordance with the deadline.
Resident individuals who have obtained income from outside China shall declare tax within March 1 to June 30 of the year following the year in which the income was obtained.
Non-resident individuals who receive wages and salaries from more than two places in China shall declare their taxes within 15 days of the month following the month in which they received the income. If a taxpayer cancels his or her Chinese household registration due to moving abroad, he or she shall settle the tax before cancelling his or her Chinese household registration.
Article 14
The withholding agent shall pay the tax withheld or withheld on behalf of the taxpayer every month or every time into the state treasury within the fifteenth day of the following month, and shall submit a declaration form of withholding and payment of individual income tax to the tax authorities.
If the taxpayer handles the tax return or the withholding agent handles the tax return for the taxpayer, the tax authorities shall, after examination, handle the tax return in accordance with the relevant provisions of the state treasury management.
The Social Insurance Law of the People's Republic of China
Article 60
Employers shall declare and pay social insurance premiums on their own, in full and on time, and shall not suspend or reduce payment except for force majeure and other legal reasons. The social insurance premiums to be paid by employees shall be withheld and paid on behalf of the employer, and the employer shall inform the individual of the details of the payment of social insurance premiums on a monthly basis. Individual entrepreneurs without employees, part-time workers who do not participate in social insurance with the employer, and other flexibly employed persons can pay social insurance premiums directly to the social insurance premium collection organization.
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