How to calculate if you don't pay social security late fees for half a year

How to calculate if you don't pay social security late fees for half a year

According to Article 86 of Chapter 11 of the Social Insurance Law of People's Republic of China (PRC), if the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 will be charged daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of not less than one time but not more than three times the unpaid amount.

Can social security late fees be deducted before tax?

1. Article 10 of the Enterprise Income Tax Law stipulates that when calculating the taxable income, the tax late fee shall not be deducted.

2. Refer to "Dalian State Taxation Bureau Enterprise Income Tax Special Business Solution":

17. Can the social security late fees paid by enterprises be deducted before tax?

Answer: Article 10 of the Enterprise Income Tax Law stipulates that the following expenses shall not be deducted when calculating taxable income:

(3) tax late fees;

Social security late fees are not tax late fees, so the social security late fees paid by enterprises can be deducted before tax.

According to the above regulations, the late fees that cannot be deducted before tax are limited to tax late fees, and the social security late fees paid by enterprises can be deducted before tax.

During the epidemic, will the enterprise social security fee be reduced or exempted, and will the individual social security payment record be interrupted?

At present, many cities regard the continuity of social security payment records as a verification content in the qualification examination of residents' settlement, children's enrollment and car purchase. If interrupted, the above qualifications will be lost. Therefore, many people worry that the reduction and exemption of enterprise social security premiums will affect the continuous entry of their social security premiums.

The phased reduction of enterprise social security premiums is only for the part paid by the unit, and the enterprise should still fulfill the obligation of withholding and remitting individual contributions according to law. At the same time, in order to protect the social security rights and interests of the payer, the relevant departments have made it clear that the implementation of the policy of reducing or delaying the levy will not affect the social insurance rights and interests of the payer. Therefore, personal payment records will be calculated continuously, and personal rights and interests will not be affected.

After seeing how to calculate the social security late payment fee for half a year, the finance department will also calculate the social security late payment fee according to the requirements of the local taxation bureau. In addition, some local social security bureaus have preferential policies for enterprise social security payment due to the epidemic, and enterprises may not need to pay late fees if they fail to pay social security on time. Please consult the local tax authorities for details.