Practice: Retroactive Period for Periodical Deferral of Social Insurance
On 3rd November 2022, the Shanghai Municipal Bureau of Human Resources and Social Security, and five other departments jointly issued another notice to explain the payment policy for the Periodical Deferral of Social Insurance. You may find the details in our article: https://www.serviceonnewgrounds.com/social-insurance-periodical-deferral-2022-2/
At the beginning of 2023, a number of enterprises that have applied for the periodical deferral of social insurance responded that they are still confused about when to pay, how much to pay, and how to pay… It is reported that the online platform and telephone consultation platform of the Social Security Bureau in January has received frequent queries from enterprises.
According to the «Notice on Further Improving the Implementation of the City’s Phased Moratorium on Social Insurance Premiums Policy», after the expiration of the deferred payment period, the enterprise can choose to make up the deferred social insurance on a monthly basis according to the specific situation of the enterprise, or choose to make up a number of months of social insurance together during the year or choose to pay up all the deferred social insurance at once. At the latest, the enterprise should pay the deferred social insurance by the end of 2023.
In early February, enterprises have been able to check all items and amounts previously applied for deferred payment through the online tax system platform. Such as the period by month, the number of employees by month, items of social insurance with rates, etc. Enterprises can easily filter the details locally for the month they want to view by exporting the data from the system. Enterprises can assess their actual business situation by the total amount of deferred payment to be paid and make reasonable arrangements for repayment.
It is worth noting that the interface of the “Enterprise Social Security Declaration” (in Chinese “单位社保费申报”) usually shows the social insurance payments for the regular months, and after the declaration, the Social Security Bureau will deduct the payments through the tax office port automatically if the enterprise has signed the third-party agreement with their bank, or the enterprise can confirm and activate the payment through the system. Now, not only the regular payments but also the deferred payments are all shown in the same interface, so enterprises should be careful to select whichever they want to pay.
Moreover, if you have not decided which month you want to pay, please do not select declaration. If you find that there is an error in the declaration, make sure that you invalidate the relevant declaration information and then re-declare the correct one.
If you have other questions regarding the declaration and payment of social insurance, you can contact the hotline of the local tax authorities. Feel free to contact us if you need further guidance.