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Current tax rates / rules for fts

 
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jeffinflorida



Joined: 22 Dec 2004
Posts: 2024
Location: "I'm too proud to beg and too lazy to work" Uncle Fester, The Addams Family season two

PostPosted: Mon Jun 30, 2008 2:45 am    Post subject: Current tax rates / rules for fts Reply with quote

I have searched but cannot find the current tax rates for Fts. Someone posted that the new tax rate is 5200 as a base but I am unable to find that .

Anyone have a link that shows this? And whats the % above 5200?

My contract shows 4800 and 10% above that rate but if it has been changed then I want then to tax me less.
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North China Laowei



Joined: 08 Apr 2008
Posts: 419

PostPosted: Mon Jun 30, 2008 5:46 am    Post subject: Re: Current tax rates / rules for fts Reply with quote

jeffinflorida wrote:
I have searched but cannot find the current tax rates for Fts. Someone posted that the new tax rate is 5200 as a base but I am unable to find that .

Anyone have a link that shows this? And whats the % above 5200?

My contract shows 4800 and 10% above that rate but if it has been changed then I want then to tax me less.


Jeff,

Can you please tell us "who" that someone is if it was on this Board, or can you refer us to the post-in-question?

Thanks.

NCL
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dk3454



Joined: 18 Oct 2007
Posts: 2
Location: Chapel Hill, NC

PostPosted: Mon Jun 30, 2008 6:09 am    Post subject: Re: Current tax rates / rules for fts Reply with quote

jeffinflorida wrote:
I have searched but cannot find the current tax rates for Fts. Someone posted that the new tax rate is 5200 as a base but I am unable to find that .

Anyone have a link that shows this? And whats the % above 5200?

My contract shows 4800 and 10% above that rate but if it has been changed then I want then to tax me less.


Jeff,

The current information that was given to me by Xiamen University...

Income Tax
You need to pay tax for all your income each month. According to China�s tax laws, below is the current tax ratio for your monthly income:

(Monthly Income - 4800) tax ratio minus
____ <500 5% 0
500<____<2000 10% 25
2000<___<5000 15% 125
5000<___<20000 20% 375

Example (salary of 5500): 5500 - 4800 = 700. 700 * 10% = 70. 70 - 25 = 45. Tax obligation would be RMB 45 for the monthly salary of 5500.

Doug
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arioch36



Joined: 21 Jan 2003
Posts: 3589

PostPosted: Mon Jun 30, 2008 12:41 pm    Post subject: Reply with quote

http://forums.eslcafe.com/job/viewtopic.php?t=62529&start=15

for some reason it was posted on the China off-topic section

skiing

Quote:
seem to be paying less income tax effective April 2008.

My regular monthly pay cheque for the last 2 years was 7,525 yuan
but last month I collected 7,645 yuan. They told me there was a
change in the income tax for foreign experts effective April 2008, although the staff in the Income Tax Department told me otherwise.

Please share your thoughts.
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jeffinflorida



Joined: 22 Dec 2004
Posts: 2024
Location: "I'm too proud to beg and too lazy to work" Uncle Fester, The Addams Family season two

PostPosted: Tue Jul 01, 2008 11:11 am    Post subject: Reply with quote

So the answer to who has been posted.

Now the answer to is it true...?

4800 or 5200 ?????????????????????????? base...
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Orrin



Joined: 02 Apr 2005
Posts: 206
Location: Zhuhai, China

PostPosted: Tue Jul 01, 2008 2:53 pm    Post subject: Reply with quote

4800!
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