Banks in different places implement different policies, depending on the purpose of cheque payment. At present, ordinary banks have stopped withholding taxes.
Company checks can be transferred to personal accounts, and individuals have to pay taxes. The company shall withhold and remit personal income tax for the labor fees paid to individuals. A check is a sight draft drawn on a bank, which can be regarded as a special case of a draft. The amount of the cheque issued by the drawer shall not exceed the amount of its deposit with the drawee. If the deposit is less than the check amount, the bank will refuse to pay the holder. This kind of check is called a bad check, and the drawer should bear legal responsibility. To open a checking account and collect checks, you must have a reliable reputation and deposit a certain amount of money. Checks can be divided into cash checks, transfer checks and ordinary checks. Once a cheque is endorsed, it can be circulated and transferred. It has the function of money and becomes a credit circulation tool to play the role of circulation means and payment means instead of money. The use of checks for currency settlement can reduce the circulation of cash and save the cost of currency circulation.
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How should an individual cash a check? 0
See what kind of check it is. There are two kinds of checks.
1. If it's a cash check, you can cash it at the bank counter.
2. If it is a company check, you can't check it at the counter. You can only find a friend company to cash it for you in the name of his company, transfer the money to his company's company account, and then he will give you the same amount of cash from his pocket.
What should I do if the transfer check received by the company is lost?
According to the regulations, the transfer cheque issued is lost or stolen. Because this kind of check can be directly used to buy goods, the bank does not accept the loss report, so the owner can't apply to the bank for loss report and stop payment. But you can ask the payee and his bank to help prevent it. If the lost cheque has been paid by the paying bank before the expiration date or the loss is reported, all losses caused thereby shall be borne by the owner himself.
As a settlement tool in the same city, cheque is mainly used to replace cash circulation. Losing a check means losing monetary funds, which may bring economic losses to the unit or the collective. But after all, checks are not cash. As long as correct and timely measures are taken to pay, economic losses can be avoided.
First, report the loss to the bank in time to stop payment;
The second is to request the relevant units to assist in prevention. Note: You are not allowed to publish invalid advertisements in news organizations such as TV stations, radio stations and newspapers.
The current "Bank Settlement Measures" stipulates that: if the issued cash check is lost, you can apply to the bank for loss reporting, and the bank will not accept it if it has been paid before the loss reporting; If the issued transfer cheque is lost, the bank will not accept the loss report and may ask the payee to help prevent it.