The newly revised General Principles of Enterprise Finance has been implemented since June 5438+ 10/day, 2007. Article 43 stipulates that an enterprise shall pay social insurance premiums such as basic medical care, basic old-age pension, unemployment and work-related injuries for its employees according to law, and the required expenses shall be directly charged as costs (expenses); Article 44 stipulates that employees' education funds shall be drawn according to the proportion stipulated by the state, which shall be used exclusively for the follow-up vocational education and vocational training of enterprise employees, and trade union funds shall be drawn and allocated to trade unions according to the proportion stipulated by the state. There is no trace of welfare funds payable and their provision in the new General Principles of Enterprise Finance.
When answering a reporter's question on the promulgation of the new financial general rules, the relevant person in charge of the Ministry of Finance introduced that the social insurance items such as employee medical care and old-age care, which were originally charged from employee welfare funds, were directly charged from the cost according to the prescribed proportion, and different financial policies were implemented according to basic medical care and supplementary medical care. The practice of drawing employee welfare funds according to 14% of total wages in pilot areas and non-pilot areas should also be abolished accordingly.
On March 20, 2007, the Ministry of Finance issued the Notice on Issues Concerning the Implementation of the Revised General Principles of Enterprise Finance (Caiqi [2007] No.48). It stipulates that after the implementation of the revised General Principles of Enterprise Finance, enterprises will no longer accrue employee welfare funds at 14% of total wages, and the employee welfare funds accrued in 2007 should be reversed. The notice also stipulates the provisions on the treatment of the balance of welfare funds payable, that is, as of June 65438+February 3, 20061day, the book balance of welfare funds payable (excluding the balance of employee welfare funds and incentive funds extracted from after-tax profits by foreign-invested enterprises) shall be treated as follows (unless otherwise stipulated by listed companies):
1. If the balance is in deficit, it will be transferred to the undistributed profit at the beginning of 2007; if the undistributed profit at the beginning of 2007 is negative, it will be made up by the arbitrary reserve fund and the statutory reserve fund in turn. If it is still insufficient, it will be made up by the net profit realized in 2007 and beyond.
2. If the balance is a balance, it shall continue to be used in accordance with the original provisions. After the balance is used up, it shall be implemented in accordance with the revised General Principles of Enterprise Finance.
From the tax point of view, the proportion of 14% is still implemented for enterprises (domestic enterprises pay according to 14% of wages, and foreign-funded enterprises deduct it when it does not exceed 14% of the total wages paid before tax). The Enterprise Income Tax Law of People's Republic of China (PRC) will be published soon. How will the employee welfare expenses actually incurred by enterprises after 2007 be paid before tax?