Caixin
Jan 11, 2019 08:06 PM
ECONOMY

Local Social Insurance Reform Delayed To Give Businesses a Break

Photo: VCG
Photo: VCG

* In July, China required all local governments transfer the responsibility for collecting social insurance fees to their tax authorities, in a bid to build a unified system for tax and fee collection

* However, none of the ten regions that released implementation notices have begun collecting the fees from companies, in an attempt to avoid adding to the financial stress on businesses

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