Home FAQ Accounting China Q&A Regarding Measures of Beijing Municipality on the Administration of the Collection and Use of Employment Guarantee Funds for the Disabled (3)
Q&A Regarding Measures of Beijing Municipality on the Administration of the Collection and Use of Employment Guarantee Funds for the Disabled (3)
Q: |
Can the employer apply for reduction or postponement of the payment of security funds in case of major direct economic losses caused by force majeure natural disasters or other emergencies? |
A: |
Yes, the employer can apply for reduction or postponement of the payment.
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Q: |
What is the cap amount of the reduction or exemption of security funds that an employer can apply? |
A: |
The cap amount shall not exceed the security fund payable for one year. |
Q: |
What is the longest period for the employer to apply for the reduction or exemption of security funds? |
A: |
The longest period shall not exceed 6 months. |
Q: |
How to pay the employment security fund for the disabled? |
A: |
It is paid by means of electronic payment through Treasury Information Process System (TIPS). |
Q: |
What information should the employer provide when making declaration? |
A: |
The average annual salary of the employees in last year, the number of employees in last year, the number of disabled employees actually arranged which is reviewed by the Employment Service Centre for the Disabled, and other information, and to ensure the authenticity and integrity of the information. |