Ministry of Human Resources and Social Security: Workers who work overtime during Chinese Anti-Japanese War Victory Day should be paid double wages or take deferred holidays
The Ministry of Human Resources and Social Security recently announced that during the holiday period from September 3 to 5, employers who need to arrange laborers to work should pay for laborers and arrange deferred holidays; if unable to arrange deferred holidays, employers should pay wages not lower than 200% of the daily or hourly salary standards of laborers.
Guangzhou’s housing provident fund can be drawn by month at the end of the year
Zhu Kaihua, Deputy Director of Guangzhou Housing Accumulation Fund Administration Center, recently revealed that drawing the housing provident fund by month might be realized as much as possible at the end of the year, to directly transfer the housing provident fund into mortgage accounts.
State Council: All small and micro enterprises to enjoy tax preference from October
Premier Li Keqiang chaired a State Council executive meeting deciding that that from October 1, 2015 to the end of 2017, the scope of small and micro enterprises that have the corporate income tax reduced by half according to law will expand to the annual taxable income within RMB300,000 (including RMB300,000) from RMB200,000 (including RMB200,000).
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