2024年8月 - 上海和北京公布2024年社保缴费新基数
社保缴费基数是根据员工上一年度的平均工资确定的，受每个城市在年中公布的上限和下限的限制。2024年7月31日，上海和北京人力资源和社会保障部公布了2024年社保缴费基数的上下限。 在此，我们与您分享自2024年7月起生效的上海和北京的社保缴费基数。
Policy newsletter
July 2024 - Shenzhen Social Security Update
As of July 1, 2024, significant changes will be made to the Shenzhen social security regulations due to the upgrade of the social security system and Client platform of social insurance management. We summarize hereafter the main changes for your information.
Registered Capital Management System
To strengthen the management of registered capital registration of companies, standardize shareholders' lawful performance of capital contribution obligations, the State Council formulated related regulation in accordance with the Company Law of the People's Republic of China, which effected on 1 July 2024. We summarize down below the main measures that may have an impact on your operations.
2024年6月 - 2023年新《公司法》关键修订 – 注册资本登记管理
2023年新《公司法》进行了重大修订，并将于2024年7月1日生效。新《公司法》重新强调了资本管理中的透明度和责任。
June 2024 - Unemployment Insurance/Return Policy
We are pleased to bring you the latest updates on Shanghai's unemployment insurance policy, which is designed to support the stability and growth of businesses in the city. Companies, including foreign invested enterprises, that have a layoff rate not exceeding 5.5%, have paid unemployment insurance premiums on time and in full, and have a good credit record are eligible for this policy.
May 2024 - Management of foreign exchange business
To promote high-quality development of trade and effectively enhance the ability to serve the real economy, the State Administration of Foreign Exchange (“SAFE”) has announced several measures to further optimize the management of trade foreign exchange business.
May 2024 - Policies to stabilize employment
To further support the enterprises to stabilize jobs and fully play the role of unemployment insurance, the Ministry of Human Resources and Social Security has announced a comprehensive set of policy measures to continually stabilize employment.
April 2024 - Lighten the burden of SMEs in SH
To further support the development of small and medium-sized enterprises and reduce operational burdens and costs, the Shanghai Municipal People’s Government has announced a comprehensive set of policy measures.
Jan 2024 - Amended Company Law of the PRC
The amended Company Law of the People's Republic of China, adopted on 29 December 2023, will take effect on 1 July 2024. We summarize down below the main measures that may have an impact on your operations.
Jan 2024 - Tax filling calendar 2024 in China
Following the notice announced by the State Taxation Administration on December 28th, 2023, we have enclosed the newsletter in regard of the 2024 tax filling calendar for your perusal. Should you have any questions, please do not hesitate to contact us. We would be happy to help!
Social insurance declaration and payment
To further improve the service experience in handling social insurance declaration and payment, and to reduce the cost of handling affairs, authorities will optimize and adjust the process of social insurance declaration and payment for employers and individuals in Shanghai and Beijing.
Apostille Convention takes effect in China
On March 8, China acceded to the 1961 Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents (hereinafter referred to as the Convention), it will take effect in China on November 7.
Oct 2023 - Preferential policies for the CIIE
The sixth China International Import Expo (CIIE) will be held offline in November 2023. To support the CIIE, and with the approval of the State Council, the relevant preferential policies have been enacted since October 2020.
Regarding non-taxable allowances - policy for IIT
The extension of the preferential policy for individual income tax regarding non-taxable allowances
The extension of the preferential policy for SMEs
To further support the development of small and micro enterprise(SMEs), the State Administration of Taxation (SAT) announced the tax preferential policies for SMEs aiming at Corporate Income Tax (CIT) rate and “Six taxes, two fees” will be extended to December 31st, 2027.
Specific itemized deductions standards for IIT
To further reduce the burden of family rearing children and elderly support expenses, the State Administration of Taxation (SAT) announced the tax relief policy for individual income tax (“IIT”) aiming at raising some specific itemized deductions standards for Individual Income Tax, according to a State Council circular issued on 31 August 2023.
The extension of the preferential policy for IIT
To further support the innovative development of enterprises and reduce the burden of taxpayers, the State Administration of Taxation (SAT) announced that the tax preferential policy for individual income tax(“IIT”) aiming at the equity incentives and annual bonuses will be extended to December 31st, 2027.
The preferential policy for VAT small taxpayers
On 1 August 2023, the State Administration of Taxation (SAT) announced the tax preferential policy for VAT small taxpayers aiming at the VAT rate will be extended to December 31st, 2027.
Tax declarations requirements
Enterprises engaging in related party transactions need to be mindful of declarative obligations on this topic specifically. In this letter, we summarize the types of related party transactions and the corresponding tax declarations requirements.
