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What is the new year inventory?

Legal analysis: the new year inventory of provident fund is equivalent to the annual salary declaration of social security in July, and July is the beginning of a new year every year; Provident fund, generally refers to the company's provident fund, is the amount of funds retained by the company outside its capital. According to whether the retention of provident fund is legally mandatory, provident fund can be divided into statutory provident fund and arbitrary provident fund.

Legal basis: Article 14 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.