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When will the social security relief policy expire in 2020?
Legal basis: According to the Notice on Decreasing Social Insurance Fees of Enterprises by Stages (except Hubei Province), starting from February this year, according to the actual situation, small and medium-sized enterprises will be exempted from paying three social insurances (pension, unemployment and work injury), and the exemption period will not exceed five months. For large enterprises or other units, the unit payment of these three items can be halved, but the period of relief can be shortened to no more than three months. Simply put, the pension, unemployment and industrial injury insurance paid by small and medium-sized enterprises were all reduced or exempted from February to June. For large enterprises, it is February-April, which is reduced by half. At the end of May this year, it was made clear again that small and medium-sized enterprises would be exempted until the end of this year (the first time point).
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