China increases layoff rate threshold for refunding unemployment insurance contribution

Submitted by socpro on Fri, 05/22/2020 - 16:58
measures summary

SMEs with a layoff rate lower than 5.5% (estimated unemployment rate) can apply for a refund 50% of previous year’s unemployment contribution. The threshold is 20% for enterprises with less than 30 employees. Some cities refunds up to 80%

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