The fifth social security rate adjustment came. The overall social security rate dropped by nearly 10%.
The State Council executive meeting held on November 2 announced the latest policy on the social security rate reduction rate: the existing policy that was originally implemented until next year - the total ratio of employer and employee unemployment insurance contributions decreased from 3% to 1%, Continue to implement after the expiration of the end of April next year. This is the fifth time since 2015 that the State Council has announced the policy of social security reduction rate for the third time in a row. In April this year, the deputy director of the Ministry of Human Resources and Social Security, Yu Wei, revealed that the first four reduction rates have accumulated a total of 315 billion yuan for enterprises. In August this year, the State Administration of Taxation, the Ministry of Finance, and the Ministry of Human Resources and Social Security jointly held a meeting to clarify that…
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