Starting from Jan 2021, China has resumed the regular policies of SMEs’ social insurance contributions as the preferential policies were effective until the end of 2020. Here’s the detail.
China has exempted, reduced and delayed the social insurance payments of micro, small and medium enterprises (SMEs). The preferential policies were effective until the end of 2020 and the regular policies have been resumed since Jan 2021.
从2021年1月起，中小微企业的社保费延缴政策正式结束，并且恢复正常的申报缴费。
After the adjustment, employers’ payment will increase by 544.6 yuan, while the increased amount of employees’ payment is 0 yuan. The total payment is around 1,400 yuan. There might be a slight difference in different sectors and regions.
经调整后，单位缴费部分增加的金额为544.60元，个人缴费部分增加的金额为0.00元，缴费总金额为1400元人民币左右。需要注意的是，不同行业和地区，单位缴费比例和个人缴费比例稍微有些不一样哦，会导致金额有些许的差异。
The penalty for the overdue payment is 0.05% of the payment. Please contact your accountant to declare the payment in time.
若不及时缴纳社保，会产生缴额万分之五的滞纳金，请及时联系会计进行申报缴费。
In accordance with relevant Chinese laws and regulations, an employer shall register their employees with local social Social Insurance Bureau and the Housing Fund Bureau, and make social insurance contributions to ensure their benefits.
每一家用人单位都应合理合法为雇佣的员工购买社保，保障员工的权益。
We will keep following the updates on the latest Chinese policies. Stay tuned!
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