For the social security system, January is the contribution month for the fourth quarter of 2018. The Social Security Fund (abbreviated to FSS in Macao) reminds that the flow of people at the service points is expected to increase nearing the end of the month. In order to avoid the peak flow at month end, employers should make their payments as early as possible, and those who have applied for electronic filing service should try to make use of the electronic payment options to make their payments. As of 18 January 2019, a total of 14,585 employers have already paid contributions of the obligatory system for their employees, accounting for 67% of the total number of employers who need to pay contributions.
All employers are required to pay contributions for their local long-term employees on or before 31 January (Thursday). If a non-resident worker is hired, employers must also pay the employment fee at the same time. If there is no change in the employment situation of local long-term employees during the calendar quarter, besides the service points of the FSS, the employment fee for non-resident workers and the related contributions can be paid at the Municipal Affairs Bureau’s Public Services Centres and Stations, or at the nine designated banks (including Bank of China Macau Branch, Industrial and Commercial Bank of China (Macau) Ltd., Banco Comercial de Macau, Tai Fung Bank, Banco Nacional Ultramarino, OCBC Wing Hang Bank, Macau Chinese Bank, Luso International Banking Limited and Delta Asia Bank).
Employers are required by law to pay a late payment interest and a fine if they make their payments late. Beneficiaries of the arbitrary system who make their contributions late cannot settle the default contributions unless they pay the contributions together with a late payment interest within two months after the expiration of the statutory deadline.
For more information, please visit the FSS website at www.fss.gov.mo or call 2853 2850 during office hours for enquiries.