202 1 Social Security Relief Policy for Small and Micro Enterprises

The policy of social security exemption and deferred payment will be implemented until the end of February 2020, and the social insurance payable will be collected in full from 202 1 and1June.

According to this description, 202 1 has no social security relief policy for small and micro enterprises.

When extracting social security, the accounting treatment is:

Borrow: management fees and other subjects,

Loan: payable to employees-social security.

When paying social security, the accounting treatment is,

Borrow: payable to employees-social security,

Other receivables (personal burden),

Loan: bank deposit.