Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Periodically Reducing Social Insurance Payment Rates

Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Periodically Reducing Social Insurance Payment Rates
Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Periodically Reducing Social Insurance Payment Rates

Ren She Bu Fa [2016] No.36

April 14, 2016

Human Resources and Social Security Offices (Bureaus) and Finance Offices (Bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government, and Xinjiang Production and Construction Corps:

Subject to the relevant provisions of the Social Security Law of the People's Republic of China and upon the approval of the State Council, the issues on the periodical reduction of social insurance payment rates to reduce business cost and increase business vitality are hereby announced as follows:

I.
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