Shanghai Expat Social Contributions 26 Aug
We are pleased to inform you about the seminar “Shanghai Expat Social Contributions" which will be held on August 26th, 2021.
Foreign workers in China are subject to Social Insurance Contributions since 2011, with the only exception previously being Shanghai. This is based on a notice from the Shanghai Municipal Human Resource and Social Security Bureau  38 stipulating that foreign employee in Shanghai “can” contribute to the basic pension, health, and work-related injury insurances. This notice expired on the 15th of August 2021, and no further notice has yet (16th August 2021) been issued by the Shanghai Municipal Human Resource and Social Security Bureau.
The PRC Social Insurance Law was issued in 2011, pursuant to this law, all foreign nationals in China are obliged to participate in the social insurance system. National law in practice and theory supersedes local regulations. Nevertheless, Shanghai never enforced the national regulations and renewed the Shanghai notice in 2016. However, the future of the exception in Shanghai is unclear for the time being, we expect further announcements to be made in the coming weeks on whether the Shanghai Notice will be extended again.
However, China has signed social security agreements with 12 countries, of which 11 agreements have been implemented fully. Currently, expatriates from Germany, South Korea, Denmark, Canada, Finland, Switzerland, the Netherlands, Spain, Luxembourg, Japan, and Serbia are eligible for social security exemptions across China. China has also signed a totalisation agreement with France, which will enter into force when both contracting states complete the necessary internal legal procedures.
The course will focus on the calculation of social contributions for Chinese, and foreigners from countries with totalisation agreements (e.g. Germany) and without totalisation agreements with China (e.g. Italy) in Shanghai and other provinces. The course will include pension contribution, refund and exemption criteria and all the updates for Shanghai municipality.
The Global Executive of Business Administration (EBA), a course supported by RsA asia, has been designed to provide professionals with a thorough understanding of how to conduct business in China. The course offers candidates practical know how and expertise in multiple disciplines, with a focus on finance and taxation, and aims to provide concrete knowledge and case studies which will prepare students for the challenges of doing business in China.
Lorenzo Riccardi is the Managing Director of RsA Asia; he is a CPA specialized in international taxation and has covered roles in the governance of non-profit organizations and multi-national companies including the largest Italian groups in luxury, food and mechanical sectors. He has published extensively on foreign investments in developing and frontier economies.
Zoom / On Campus
August 26th, 19:00 China time