Is it true that companies will refund the social insurance and medical insurance paid in February according to regulations? Is the personal portion also exempt? See what the State Administration of Taxation says!

Affected by the epidemic, many companies are facing tremendous pressure. In order to ease the pressure on enterprises, the country has issued a series of policies to reduce burdens. Regarding the issue of social security and medical insurance, it is understood that enterprises will refund the social security and medical insurance that have been paid in February according to regulations. Is this true? So, is the personal part also exempt from payment? The State Administration of Taxation has spoken!

Is it true that companies will refund the social insurance and medical insurance paid in February according to regulations?

It's true. Wang Lujin, deputy director of the State Administration of Taxation, said that for some companies that have already paid social security and medical insurance premiums in February, refunds will be made in accordance with regulations to alleviate their operating difficulties.

Wang Lujin said that the tax department will adjust the information system configuration in a timely manner according to the implementation plans of each province, add enterprise type labels, simplify and optimize business processes, allow enterprises to enjoy tax reductions and exemptions conveniently and without filling out forms and without contact, and quickly handle deferred payment and other services.

Are the personal portions of social security and medical insurance also exempt from payment?

The individual part is not exempt, but the unified part is exempt . The individual part is paid into his own account, and the unified part is exempt for the enterprise, and the state bears this part.

Enterprises will be refunded the social security and medical insurance that have been paid in February according to regulations. This is good news for enterprises. It can reduce the burden on our enterprises at this time, which shows that our country has implemented timely and effective measures in many aspects. At the same time, I wonder whether the country has considered reducing or exempting part of the social security and medical insurance for middle- and low-income people, especially those who pay their own social insurance. I think this is very necessary. Of course, individuals can be different from enterprises and can reduce some appropriately.