Tax Bureau to Collect Social Insurance from 2019
On 23rd July, China’s Central Committee and the State Council released the Reform Plan on the National and Local Taxation Collection and Management System (“Taxation Collection Reform Plan”). According to the new plan, the Tax Bureau will be the only entity responsible for calculating and collecting social insurance contributions. Previously either the Human Resources Bureau or the Tax Bureau could collect social insurance contributions. The new plan is set to take effect on 1st January 2019.