Is there a late fee for social security payment?

Legal Analysis: According to Article 86 of the Social Insurance Law of People's Republic of China (PRC), if an employer fails to pay the corresponding social insurance premium for its employees on time and in full, the social insurance premium collection agency will take corresponding punishment measures against the employer according to the corresponding situation, order it to pay or make up within a time limit, and calculate from the date of default, and add 0.5% of the late payment fee according to law. If it still fails to pay within the time limit, the relevant departments will impose a fine of more than 3 times the unpaid amount 1 time on the relevant employer. It can be found that the provisions of social security late payment fees are aimed at relevant employers. When the employer fails to pay the corresponding social security late payment fee in full and on time. For employers who fail to pay the corresponding social security late fees in full and on time, the social security collection and management unit will take punitive measures. It can be found that if an individual fails to pay the relevant insurance late payment fee and pays it in his own name, the relevant social security collection and management department will not charge the corresponding late payment fee. In this way, the state urges relevant employers to pay overdue fines according to law to protect the legitimate rights and interests of workers.

Legal basis: Article 86 of People's Republic of China (PRC) Social Insurance Law. 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 within a time limit or make up for it, and impose a 0.5% late fee on a daily basis from the date of default. 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.