Enterprise annuity refers to the supplementary old-age insurance system voluntarily established by enterprises and their employees on the basis of participating in basic old-age insurance according to law.

1. The expenses required for the enterprise annuity shall be paid jointly by the enterprise and individual employees.

2. The enterprise annuity fund consists of enterprise contributions, employees' individual contributions and the investment and operation income of the enterprise annuity fund, which is completely accumulated and managed by individual accounts, similar to the defined contribution plan in the International Financial Reporting Standard No.26 Pension Plan. ..

3. Enterprise payment belongs to the scope of employee compensation, and its confirmation, measurement and presentation shall be subject to the Accounting Standards for Enterprises No.9-Employee Compensation.

4. The enterprise annuity has nothing to do with the daily operation of the enterprise, but is actually an accounting that supplements the endowment insurance. According to the current tax law, supplementary insurance cannot be deducted, and the annuity paid needs to be adjusted. If you can refine it to individuals, you have to pay personal income tax.