China’s standard social security scheme comprises a system called the “Five Insurances” – the basic pension, medical insurance, work-related injury insurance, unemployment insurance and maternity insurance.
Contribution to China’s social security system is mandatory for Chinese employees and their employers as well as foreigners employed in China. The social security contribution is calculated as a percentage of employees’ monthly salary, which is subject to lower and upper cap.
The caps are adjusted every year. Social security and housing fund contributions are mandatory in China for both the employee and the employer. Contributions are made on a monthly basis, but rates differ per city and province.
The employer or payroll agent needs to report to the local Social Security Bureau during the first week of the current month. If social security is paid late the government will calculate the amount owed (if any).
Housing Fund
Housing Fund contributions are mandatory for both the employee and the employer, except for foreigners. Contributions are made on a monthly basis.
Reporting Tax in China
Monthly Social Security Report
Information required for completion of this document is as follows:
Monthly Social Security Registration
Monthly Social Security Termination
Contribution Information
The document can be filed by the employer or their authorised agent and must be submitted to the Local Social Security Bureau. The document is required to be signed by the employer.
Monthly Individual Income Tax Report
Information required for completion of this document is as follows:
Monthly Individual Income Tax Summary
Detail Information
The document can be filed by the Employer or their authorised agent and must be submitted to the Local Tax Bureau. The document is required to be signed by the employer.
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