Social security late payment fee reduction policy

Legal analysis: Units and personnel who have been found to have the following circumstances will be given full relief for the social security premiums paid back by them: 1. Enterprises that have been approved for bankruptcy or industrial and commercial cancellation according to law. 2. Enterprises that have withdrawn from the market during restructuring. 3. The legal representative of the enterprise escapes, and the employees pay unpaid social security fees. 4. Enjoy the urban subsistence allowance. 5, due to administrative procedures such as preparation, salary changes, etc., social security fees are not paid. 6, the state-owned assets management department, the civil affairs department confirmed that life is difficult for demobilized enterprise cadres, veterans. 7. Late payment for social security fees due to unsuccessful deduction by online deduction system of silver tax.

Legal basis: Article 86 of the Social Insurance Law of People's Republic of China (PRC), 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.