50% of employers have unpaid FSS contributions

Around 12,500 employers, about 50% of all local employers required to pay contributions for the Social Security Fund (FSS) in the third quarter (Q3) of 2024 have yet to do so, the FSS has said in a note. The FSS reminded employers that they can pay their contributions using the “Business & Associations Platform” as well as the “Macao One Account” platform, avoiding the queues that usually occur around the deadline. Employers without staff changes in Q3 and who have submitted employee data can pay through these platforms or the designated banks’ e-channels. Meanwhile, mandatory system beneficiaries can use “Macao One Account,” Jetco ATMs, designated banks’ e-channels, and self-service machines. Late payments incur interest and fines for employers, with failure to pay employment fees potentially leading to fines and revoked permits.