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kungfuman
Joined: 31 May 2012
Posts: 1749
Location: In My Own Private Idaho
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 Posted: Fri Mar 22, 2013 11:23 am Post subject: The dreaded tax meeting... |
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We had the tax meeting and it seems we will have no additional tax taken out from our paychecks as the school will deal with the social tax - and pay 100% of it for the teachers.
I was worried here and ready to pack and go home if the news was bad. If I was going to take a pay cut then that was the final step. Hope this doesn't change. |
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kungfuman
Joined: 31 May 2012
Posts: 1749
Location: In My Own Private Idaho
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| Posted: Fri Mar 22, 2013 11:25 am Post subject: |
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| by the way, we were warned that if we do any side jobs to insist on getting paid only in cash and never to get direct deposit - as that is how the government will find out and make us pay tax on this income and charge a fine for not disclosing it. This warning came from the school accounting department. |
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hochhasd
Joined: 03 Jul 2008
Posts: 422
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| Posted: Mon Mar 25, 2013 3:56 am Post subject: Re: The dreaded tax meeting... |
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| kungfuman wrote: |
We had the tax meeting and it seems we will have no additional tax taken out from our paychecks as the school will deal with the social tax - and pay 100% of it for the teachers.
I was worried here and ready to pack and go home if the news was bad. If I was going to take a pay cut then that was the final step. Hope this doesn't change. |
I guess that would mean the teachers that are not having it deducted from their pay , the school is taking care of it.
The question still remains if the teachers having it currently deducted will get the 8 % back when they leave China. |
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lemak
Joined: 19 Nov 2011
Posts: 368
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| Posted: Mon Mar 25, 2013 5:45 am Post subject: |
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My school has all the foreign teachers signed onto it, but they are paying. They did make us sign an additional clause that we'd sign all documents at the end of the contract required for them to collect the pension payments they've made on our behalf....or.....[insert scary music]....have it deducted from our pay.
I'm still wondering if anyone has actually managed to collect their deductions also. |
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hochhasd
Joined: 03 Jul 2008
Posts: 422
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| Posted: Mon Mar 25, 2013 10:26 am Post subject: |
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| lemak wrote: |
My school has all the foreign teachers signed onto it, but they are paying. They did make us sign an additional clause that we'd sign all documents at the end of the contract required for them to collect the pension payments they've made on our behalf....or.....[insert scary music]....have it deducted from our pay.
I'm still wondering if anyone has actually managed to collect their deductions also. |
With my school, I came aboard when the old contract did not mention it and so far they have yet to take it out,but the people who re-signed claime it is in the new contract and it is being taken out. |
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DirtGuy
Joined: 28 Dec 2004
Posts: 529
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| Posted: Mon Mar 25, 2013 12:20 pm Post subject: |
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I thought teachers didn't make enough to be taxed. We are considered part-timers. Did I miss something? My school has not said anything about this.
DirtGuy |
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lemak
Joined: 19 Nov 2011
Posts: 368
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| Posted: Mon Mar 25, 2013 12:39 pm Post subject: |
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| DirtGuy wrote: |
I thought teachers didn't make enough to be taxed. We are considered part-timers. Did I miss something? My school has not said anything about this.
DirtGuy |
The new social welfare tax. Hasn't been uniformly implemented yet...just in some schools/cities/provinces. The regular tax on a 5,000 uni salary is only something inconsequential like 6rmb, but this social welfare deal would be around 500 which is a bit of a sting. For the guys making 10 or 15k a month it's a real kick to the potatoes. Supposedly most of it gets returned when you leave China, but it's new enough that I'm not sure if anyone has ever tried to actually get it back to know if this is for real or just a ruse. |
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weigookin74
Joined: 30 Mar 2010
Posts: 265
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| Posted: Thu Mar 28, 2013 4:00 am Post subject: |
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| lemak wrote: |
| DirtGuy wrote: |
I thought teachers didn't make enough to be taxed. We are considered part-timers. Did I miss something? My school has not said anything about this.
DirtGuy |
The new social welfare tax. Hasn't been uniformly implemented yet...just in some schools/cities/provinces. The regular tax on a 5,000 uni salary is only something inconsequential like 6rmb, but this social welfare deal would be around 500 which is a bit of a sting. For the guys making 10 or 15k a month it's a real kick to the potatoes. Supposedly most of it gets returned when you leave China, but it's new enough that I'm not sure if anyone has ever tried to actually get it back to know if this is for real or just a ruse. |
So, basically, it's a 10% deduction? It's like SK? Pension, medical insurance, and income tax? |
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