Property service enterprises generally withdraw employee welfare funds according to wage standards.

Property service enterprises generally withdraw employee welfare funds according to the wage standard of 12% of the total wages in the current period.

Employee welfare expenses can be accrued according to 12% of the total wages in the current period. Note: There are tax regulations on the use of employee welfare funds, and it is necessary to obtain real and legal vouchers when paying. If the amount used in the current year is less than the accrued amount 12%, it shall be accrued according to the actual amount used. The amount withdrawn in the current year cannot be carried forward to the next year.

Welfare is the indirect remuneration of employees. Generally, it includes health insurance, paid holidays, holiday gifts and pensions. These awards are awarded to individual employees or groups of employees as part of the benefits of enterprise members.