Study On The Tax System Of The China's Insurance Industry

Tax Law is an important safeguard to promote the healthy development of the insurance industry. As the insurance industry not only related to financial stability, but also related to social and public interests, combined with the unique nature of insurance products and based on an actuarial basis for insurance accounting system, making the tax laws of the insurance industry is not easy. Most foreign countries and regions stimulate domestic demand for insurance by improving the tax system, and promote the development of the insurance industry by giving some tax incentives to, in order to perform a function in the society.Insurance tax system reflects that tax consolidated financial purpose, social purpose and economic purpose. The characteristics of the insurance industry decide that the insurance business taxable income tax derives from the "three slip". Liability reserve is the most important item insurance tax deducibility. Based on the characteristics of insurance business and the reality of the situation of insurance industry tax legislation and administration, in addition to the legal principles, tax equity and tax collection and other basic principles of economic principles, insurance taxation should also be followed with a coordinated national policy objectives principle, consistent with the principles of the insurance industry, and with an open economic environment principles.At present, the problems of insurance industry's taxation are as follows:the imperfect provisions of the taxpayers, poorly designed tax system, tax incentives is imperfect which can't promote the function of the insurance industry; the insurance industry taxation can not keep up tax collection trends. In this case, there is a practical significance on improving the tax system of China's insurance industry, and promoting the development of insurance industry. To improve the taxation of China's insurance industry, we should follow the basic principles of tax system the insurance industry as guidance, in line with our tax legislation and administration of the reality, focus on transplantation developed the fundamental ideas advanced system, begin from two main types of taxes that are income tax and sales tax. Starting in the insurance industry to adopt light tax policy, tax incentives for the insurance industry, while efforts to strengthen and standardized and institutionalized tax collection of the insurance industry, so that to promote healthy and rapid development of China's insurance industry.