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Will small and micro enterprises 202 1 social security contributions be reduced?
Legal basis: notice on extending the implementation period of enterprise social insurance fee reduction and exemption policy by stages 1. All provinces, autonomous regions, municipalities directly under the Central Government and Xinjiang Production and Construction Corps (hereinafter referred to as provinces) shall be exempted from the payment policies of three social insurance units for small and medium-sized enterprises and extended to the end of February 2020. Provinces (except Hubei Province) will extend the implementation time of the policy of halving the payment of three social insurance units by large enterprises and other insured units (excluding government agencies and institutions, the same below) to the end of June 2020. Hubei Province will continue to implement the policy of exempting large enterprises and other insured units from paying three social insurances until the end of June 2020.
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