Can social security late fees be exempted?

As an administrative compulsory means, late payment for fines has legal effect. At present, all kinds of laws and regulations do not provide for the reduction of late fees, so it should not be reduced. Article 86 of the Social Insurance Law of People's Republic of China (PRC) stipulates that if the employer fails to pay the social insurance premium in full and on time, the social insurance collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of five ten thousandths shall be charged on a daily basis.

Legal objectivity:

Article 78 of the Social Insurance Law

The financial department and the auditing organ shall, according to their respective responsibilities, supervise the income and expenditure, management and investment operation of the social insurance fund.

Article 86

If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.