Employer Social Security Contributions Cut till end of 2020

Employer Social Security Contributions Cut till end of 2020

On 22 June 2020, the Ministry of Human Resources and State Administration of Taxation jointly issued Circular no. 49, according to which small and medium scale enterprises are exempted from the payment of employees’ pension fund, work-related injury fund and unemployment fund. Additionally, the employer’s contribution part from February to June 2020 is now extended to December 2020.


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