1.3 Key reporting requirements and deadlines

Commentary

1.3.5 Remitting housing fund

China
China | Commentary

1.3.5 Remitting housing fund

China | Commentary

1.3.5     Remitting housing fund

This contribution is applicable to Chinese employees and their Chinese employers only, which is not applicable to foreign employees. Similar to the process described in 1.3.4, Chinese employers will sign a triple agreement with their bank and housing fund centre. Before the stipulated deadline, the housing fund for both employer's and employee's contributions would be processed automatically.

Based on the Article No. 38 of the State Council Decree No. 262, if Chinese employers fail to make sufficient or timely housing fund contributions, the relative administrative departments can require rectification within a specified time limit.

In case

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