Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Continuing to Cut Social Insurance Contribution Rates by Phases

Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Continuing to Cut Social Insurance Contribution Rates by Phases

Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Continuing to Cut Social Insurance Contribution Rates by Phases

Ren She Bu Fa [2018] No.25

April 20, 2018

Human resources and social security departments (bureaus) and financial departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government, and Xinjiang Production and Construction Corps,

In order to reduce enterprises' labor costs and increase enterprises' development vitality, upon consent of the State Council, the matters relating to continuing to cut social insurance contribution rates by phases are hereby notified as below in accordance with the Social Insurance Law of the People's Republic of China and other relevant provisions:

I.
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