Can late payment of social security premiums be deducted on a pre-tax basis?

Social security premiums and late fees can be deducted before tax.

Social insurance premiums and late fees paid by individuals can be deducted when calculating taxable income. The Personal Income Tax Law stipulates that the deduction of social insurance premiums cannot exceed the upper limit set by the tax law, and there is a limit to the amount of deduction for late payment fees.

Social insurance mainly includes the following aspects:

1. Pension insurance: a social insurance system that mainly provides workers with basic livelihood protection after retirement;

2. Medical insurance: a social insurance system that mainly provides workers and their families with protection against medical expenses;

3. Unemployment insurance: a social insurance system that mainly provides workers with certain livelihood protection and employment assistance during the period of unemployment. Unemployment insurance: a social insurance system that provides workers with a certain degree of livelihood protection and employment assistance during the period of unemployment;

4. Work-related injury insurance: a social insurance system that provides workers with a certain degree of financial protection and medical assistance in the event of accidental injury or occupational disease at work;

5. Maternity insurance: a social insurance system that provides female workers with a certain degree of livelihood protection and medical assistance during the period of maternity. social insurance system.

The conditions for applying for social security are as follows:

1. Possessing social security status: applicants for social security must be persons with social security status, such as employed workers, retirees, unemployed persons, and low-income earners, etc.

2. Paying social security fees: applicants are required to pay the corresponding social security fees in accordance with the regulations, including basic old-age insurance, basic medical insurance, Unemployment Insurance, Work Injury Insurance, Maternity Insurance, etc.

3. Age and working experience requirements: Different social security programs have different age and working experience requirements, such as the basic pension insurance is required to be received after the legal retirement age, the basic medical insurance requires one year of participation in the urban workers' pension insurance in order to enjoy the basic medical insurance benefits, the unemployment insurance requires one year of continuous payment of a full year in the year prior to unemployment,

4.1;

5.2.

4. Provide appropriate supporting materials: applicants need to provide appropriate supporting materials, such as proof of identity, proof of social security contributions, proof of employment, household registers and so on.

In summary, social insurance is a social insurance system formulated by the state to protect the basic life and rights of workers.

Legal basis:

Article 10 of the Law of the People's Republic of China on Enterprise Income Tax

When calculating taxable income, the following expenditures are not allowed to be deducted:

(1) dividends, bonuses, and other equity investment income payments made to investors;

(2) enterprise income tax;

(3) taxes late fees;

(iv) fines, penalties and losses of confiscated property;

(v) expenditure on donations other than those provided for in Article 9 of this Law;

(vi) expenditure on sponsorships;

(vii) expenditure on unapproved reserves;

(viii) other expenditures not related to the acquisition of income.