China Life Insurance Tax Research

Life insurance is a kind of personal insurance that is marked with the life of insurant as insurance object, taking death or survival of insurant as insurance accident and giving a certain insurance payment according to the contract during the insurance period. In addition, life insurance has the features such as long-term, save and investment. Life insurance is a fundamental and important component in the personal insurance. No matter being abroad or being in domestic, the throughput of the life insurance takes the most of the personal insurance. The development of Chinese life insurance can play its part in supporting the increase of national economy, the establishment of the system of social security and the accumulation of capital actively.According to the promise on WTO of China, the Chinese insurance market was opened to the world completely in 2004. The life insurance in China is in a stage where is filled with opportunities and challenge simultaneously. Facing changeable environment of the market and fierce competition between the life insurance of internal and external capital company as well as between the life insurance company and the other financial enterprises, open market statement has brought a brand-new program to the development of Chinese life insurance.After the life insurance market open to the world completely, some old policies and traditional functions of government will face challenge. The government is asked to adjust her macro-control measure in time. The policy of taxation, as one of the most important macro-control means of government, must come in line with the international common practice on life insurance taxation. In addition, in order to realize the police objective on supporting the life insurance, it is necessary to form a series of life insurance tax that can accommodate the open market environment. On the base of supply and demand in the open market environment of life insurance, this paper has applied itself to research the...