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China Extends Exemption and Reduction of Employer Contributions to Social Security insurances

|Approved Changes|China
China

China's Ministry of Human Resource and Social Security has issued Notice No. 49 of 22 June 2020, which extends the employer contribution relief for three social security insurances that was first provided in February 2020. The Notice provides that the exemption for SMEs from employer contributions to old-age pension insurance, unemployment insurance, and work-related injury insurance is extend…

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