Guangxi Promotes Commercial Health Insurance Personal Income Tax Pilot Policy


Recently, in accordance with the requirements of the national promotion and implementation of the commercial health insurance personal income tax pilot policy, Department of Finance of Guangxi Zhuang Autonomous Region issued a notice of work jointly with tax department and insurance regulatory department of the autonomous region. The notice made it plain that the commercial health insurance personal income tax pilot policy would be implemented within the whole region from July 1, 2017.

The implementation of this policy will not only help to reduce the personal income tax burden for the those who purchased Guangxi commercial health insurance products and attract more people to buy commercial health insurance products so as to effectively promote the development of health insurance industry, but also improve the level of social medical security in Guangxi and be of great significance to deepen Guangxi’s medical reform, improve people's livelihood and improve health quality of the whole people in Guangxi.

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