The Zhejiang provincial government recently issued the Zhejiang Provincial Administrative Measures on Wage Payment by Enterprises, which took effect on 1 May 2017. The new rules supersede the previous version of the wage payment rules with the same name, issued in 2002 and amended in 2010. The new rules establish payroll and attendance record requirements and revise earlier wage payment rules.
Payroll and attendance records. Under the new rules, the employer must compile and maintain in writing: (1) payroll records and employee payslips; and (2) employee attendance records with monthly employee confirmations of those records.
The payroll records and attendance records should be kept for at least two years. If the employer forges, hides or destroys any payroll or attendance records, the employer can be fined RMB5,000 (US$735) to RMB20,000, and the legal representative or person directly in charge of payroll matters can be fined RMB1,000 to RMB10,000.
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Business Law Digest is compiled with the assistance of Baker McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker McKenzie by e-mailing Danian Zhang (Shanghai) at: danian.zhang@bakermckenzie.com
