What are the consequences of not declaring social security?

There are late payment fees, which affect social security benefits, according to the query of official website, Hualv.com.

1. late payment fee: the insured unit shall declare the social security payment base of the current year on time and pay the social insurance premium in full. If the social insurance premium cannot be paid in full and on time due to overdue declaration, an overdue fine of 0.5 ‰ will be added daily from the date of default.

2. Affect social security benefits: Failure to declare the medical insurance base will lead to the inability to guarantee the quality of social security benefits received by social security participants and affect the normal enjoyment of social security by the participants.