Social Security Rate in China remained unchanged at 48 percent in 2020 from 48 percent in 2019. source: State Administration of Taxation

Social Security Rate in China is expected to reach 48.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Social Security Rate is projected to trend around 48.00 percent in 2022, according to our econometric models.

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China Social Security Rate

Related Last Previous Unit Reference
Corporate Tax Rate 25.00 25.00 percent Dec/21
Personal Income Tax Rate 45.00 45.00 percent Dec/21
Sales Tax Rate 13.00 13.00 percent Dec/21
Social Security Rate 48.00 48.00 percent Dec/20
Social Security Rate For Companies 27.00 37.00 percent Dec/21
Social Security Rate For Employees 11.00 11.00 percent Dec/20
China Social Security Rate
In China, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of China because they help to pay for many social programs including welfare, health care and many other benefits.