Notice on the Adjustment of Social Insurance Payment Base and Payment Proportion in Guangzhou in 2020

Table of Contents

Written by
Fancy Fan – HR Specialist

According to the notice issued by the Department of Human Resources and Social Security of Guangdong Province, the upper/lower limits of the 2020 social insurance payment base and payment proportion of Guangzhou are as follows:

ItemLower limit (RMB)Upper limit (RMB)Unit rateIndividual rate
Medical benefit for serious illness (Norm RMB 26.76)10,29210,2920.26%/

In addition, the exemption for small, medium, and micro-enterprises in Guangzhou will remain unchanged until the end of December 2020. The unit premium rate of basic medical insurance for employees will be restored to 5.5% from July 1, 2020.

If you have any questions about this, send us an email or call us. We will be very glad to help you!

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