Deferred Contributions for Businesses

Two Authorities Clarify Deferred Payment of Some Administrative and Institutional Fees by Enterprises and Individually Owned Businesses. Recently, the Ministry of Finance ("MOF") and the National Development and Reform Commission ("NDRC") have jointly issued the Announcement on Deferring the Payments of Some Administrative and Institutional Fees by Enterprises and Individually Owned Businesses (the "Announcement").

The Announcement states that, firstly, during the period from October 1, 2022 to December 31, 2022, the charging items in the List of Administrative and Institutional Fees Deferred for Payment by Enterprises and Individually Owned Businesses that are payable by enterprises and individually owned businesses should be postponed for payment for one quarter from the due date, and no late surcharge will be imposed. Secondly, the List of Administrative and Institutional Fees Deferred for Payment by Enterprises and Individually Owned Businesses includes 14 fees and charges such as farmland reclamation fees and sewage treatment fees. Thirdly, all localities, competent authorities and entities concerned should strictly follow the requirements of the Announcement and effectively implement the policy of deferred payment, to ensure that the policy is put into place.

(Source:http://szs.mof.gov.cn/zt/mlqd_8464/2013yljfcs/202209/t20220929_3843657.htm)