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China Providing Extended Social Security Contribution Relief for SMEs and VAT Exemption for Express Delivery Services

|Approved Changes|China
China

During an executive meeting held on 27 April 2022, China's State Council decided on policy measures to stabilize jobs and promote employment, as well as measures to address the recent obstruction of logistics in some areas. In relation to employment, measures include extending the deferral of employer contributions to old-age pension insurance, unemployment insurance, and work-related injury insurance to all SMEs affected by the COVID-19 pandemic. In relation to logistics, measures include a…

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