Tuesday, 26 July 2016

China Updates- Social Security/ Residence Certificates

Social Security
The rates of some social security contributions, including for old age pension and unemployment have been reduced by around 1% (expressed as a percentage of the underlying salary from which the deduction is made) with effect from the 1st of May, 2016 (to run for two years).

Residence Certificates
SAT announced that a Hong Kong certificate of residence issued for a certain year will be valid for that year and the following two years, assuming no change in the applicant's circumstances.

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