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PRC Rolls out Phased Concessions on Social Insurance Fee of Companies; Payment Delay Max. 6 Mths
The PRC Ministry of Human Resources and Social Security, Ministry of Finance and State Administration of Taxation issued a notice regarding phased concessions on social insurance f...
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PRC Rolls out Phased Concessions on Social Insurance Fee of Companies; Payment Delay Max. 6 Mths
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2020/02/21 10:28
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The PRC Ministry of Human Resources and Social Security, Ministry of Finance and State Administration of Taxation issued a notice regarding phased concessions on social insurance fee for enterprises in mainland China.

Any virus-hit companies amid operation hardships can apply for moratorium of social insurance fee, with the grace period up to six months. Overdue fine can be exempted during the moratorium.
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