China News Agency, Beijing, June 24 (Reporter Liang Xiaohui) In order to further help enterprises overcome difficulties, China has decided to extend the period of periodic reductions in corporate social insurance premiums.
A few days ago, the Ministry of Human Resources and Social Security, the Ministry of Finance, and the State Administration of Taxation issued the “Notice on Issues Concerning the Extension of the Implementation Period for the Periodic Reduction and Exemption of Corporate Social Insurance Fee Policies”, which clearly extended the periodical reduction and exemption of enterprise basic pension insurance, unemployment insurance, and work-related injury insurance. The time limit for the implementation of the unit's payment policy.
The notice made it clear that the provinces exempted the three social insurance units from small and medium-sized enterprises from paying contributions to the end of December 2020; the three social insurance units from large enterprises and other insured units (excluding government agencies and institutions) The policy of halving the collection will be extended to the end of June 2020. Hubei Province continues to implement the policy of exempting three social insurance units from large enterprises and other insured units from paying contributions to the end of June 2020. Enterprises that have serious difficulties in production and operation due to the epidemic situation may continue to postpone the payment of social insurance premiums until the end of December 2020, and will be exempted from late fees during the period of postponement.
The notice proposes that the lower limit of individual insurance payment base of social insurance in 2020 can continue to implement the lower limit standard of individual payment base in 2019, and the upper limit of individual payment base is adjusted normally according to regulations. Individual industrial and commercial households with employees who participate in the three social insurances in a unit manner shall continue to enjoy the unit fee reduction and exemption and deferred payment policies with reference to the enterprise approach. Individual industrial and commercial households and various types of flexible employees who participate in the basic pension insurance of enterprise employees in their personal capacities, if it is indeed difficult to pay basic pension insurance premiums in 2020, may voluntarily suspend the payment.
The notice requires that all provinces formulate specific implementation measures in accordance with the actual situation, strictly follow the prescribed scope of exemption, time limit for exemption, and standardization standards, and step up the organization and implementation to ensure that all measures are accurately implemented. Provincial governments should effectively bear the main responsibility and ensure that all social insurance benefits are paid on time and in full. (Finish)