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SALARY PAYMENT IN Chinese Yuan (CNY, ¥)
CONTRACT LANGUAGES Mandarin & English
PAYROLL TAX 39.50% – 41.20%
PAYROLL CYCLE Monthly
TIME TO HIRE 12 hours
Hire and pay talents
with Horizons in
180+ countries
China’s social security program is considered developed, offering universal healthcare, a pension program, unemployment, and more. Both employees and employers much contribute to social security in China, with each contribution a percentage of the employee’s gross salary at each pay period. Read below for details about China’s social security program.
In China, the social security system includes 5 pillars.
It is important to note that employers in China pay into a housing fund that is additional social security for those in need of affordable housing.
Employees must contribute to 3 of the 5 pillars. Below is the amount for each as percentage of salary:
Employers must contribute between 22% to 26% of salary to the 5 pillars, plus the housing fund. The 5 pillars being
China is around the average in regards to mandatory contributions for employers. India requires companies to contribute about 15% salary whereas Russia requires companies to contribute around 25% – similar to China. If 22% to 26% sounds high, then it is important to remember that China offers good social security to its citizens.
Your business can easily hire employees in China without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
In China, employer contribution depends on region. However, it is usually between 22% to 26% of the employee’s salary.
Social security in China covers the 5 pillars: workplace injury, medical expenses, maternity leave, unemployment and retirement funds.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
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Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
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1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
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Headquarters – Singapore
71 Robinson Road #13-153
Singapore 068895
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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