Notice on the Guangzhou Adjustment of Social Insurance Payment Base and Payment Proportion in 2020
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:
|Item||Lower limit (RMB)||Upper limit (RMB)||Unit rate||Individual rate|
|Medical benefit for serious illness (Norm RMB 26.76)||10,292||10,292||0.26%||/|
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!