Guangdong relaxes difficult enterprise identification conditions More companies will benefit

- Sep 05, 2018-

Guangdong relaxes difficult enterprise identification conditions More companies will benefit

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In order to further develop the social insurance function to support the development of enterprises, the Guangdong Provincial Labor and Social Security Department, the Provincial Department of Finance, and the Provincial Local Taxation Bureau jointly issued a notice recently, clearly proposing appropriate conditions for the relaxation of difficult enterprises, so that more difficult enterprises can enjoy the payment of social insurance premiums. And preferential policies such as granting subsidies.


The reporter learned from the Guangdong Provincial Labor and Social Security Department that in order to alleviate the burden on enterprises, stabilize the employment situation, and cope with the international financial crisis, at the beginning of this year, the Guangdong Provincial Labor and Social Security Bureau, the Department of Finance, and the Local Taxation Bureau have jointly issued policies to establish a joint meeting for the identification of difficult enterprises. The system implements the “five, four, and three subsidies” measures for enterprises, and the main contents are the suspension of social insurance premiums and the issuance of various subsidies.


According to the relevant person in charge of the Guangdong Provincial Labor and Social Security Department, compared with the documents issued at the beginning of the year, Guangdong's latest policy has further appropriately relaxed the conditions for identifying difficult enterprises. The scope of application for enterprises is no longer limited to clothing, footwear, textiles, toys, printing, packaging, electronic components, household appliances, hardware and plastics, furniture processing and other industries. In addition, the “total debt-to-total assets ratio between 80% and 100%” and “no loss in the first three months of the application” set by the documents at the beginning of this year are no longer restricted as conditions for difficult enterprises.


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