21 June 2023
The Guangdong Province Human Resources and Social Security Bureau and the Shenzhen Municipal Tax Service, State Taxation Administration (“the authorities”) issued the “Notice in relation to Unifying the Payment Method of Basic Pension Insurance for Urban and Rural Residents in the Guangdong Province” (“the Notice”) on 21 June 2023. The authorities announced starting from 1 January 2023, the payment method of basic pension insurance for urban and rural residents in Guangdong Province will be unified as annual payment.