Ministry of Human Resources and Social Security, Ministry of Finance and State Taxation Administration, Circular on Issues Such as the Extension of the Time Limit for Implementing the Policy of Reducing/Exempting Enterprise Social Insurance Premiums for a Period of Time

Issued: June 12, 2020

Main contents: The exemption of micro, small and medium enterprises from payment of the entity paid portion of premiums for enterprise basic old-age insurance, unemployment insurance and work-related injury insurance (the three social insurances) in provinces, autonomous regions and municipalities directly under the central government is extended to the end of December 2020.; for large enterprises and other entities enrolled in social insurance (except for Hubei), the policy of the levy of the entity paid portion of premiums for the three social insurances reduced by half is extended to the end of June 2020 (Article 1).

Enterprises whose production and operations experience serious difficulties due to the epidemic may continue to defer payment of social insurance premiums until the end of December 2020, and no late payment fine shall be charged during the deferred payment period (Article 2).