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Chinese Company Gets Off Scot-Free… Almost

Chinese Company Gets Off Scot-Free… Almost
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A Chinhoyi magistrate has slapped a Chinese company, Jingxi Reshing (Pvt) Limited, with a whopping US$200 fine for failing to comply with the National Social Security Authority (Nssa) provisions. A mere US$200 fine for under-declaring 212 employees and prejudicing Nssa of a staggering US$96,914.42? Talk about a sweet deal!

The company thought they could get away with declaring only 61 employees instead of 273. But Nssa wasn’t having it. The magistrate ordered Jingxi Reshing to cough up the prejudiced amount, plus a tiny fine that’s almost an afterthought.

Magistrate Nyasha Marufu’s ruling may seem like a victory for Nssa, but one can’t help but wonder if the fine is enough to deter other companies from trying similar tricks. After all, US$200 is a small price to pay for swindling Nssa out of nearly US$97,000.

Jingxi Reshing has until May 30, 2025, to pay the fine and the prejudiced amount. Let’s see if they’ll actually follow through.

source-newsday

Tags: Jingxi ReshingUS$200
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