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Skyblue2
Joined: 04 Sep 2007
Posts: 127
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 Posted: Tue May 17, 2011 10:46 am Post subject: Tax rate in China |
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How much of your salary (percentage) is deducted each month for
Taxes
Health insurance
Pension
Or that sort of thing? |
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7969
Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong
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| Posted: Tue May 17, 2011 11:43 am Post subject: |
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0.
0. Paid that up front.
0. There is no pension. |
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choudoufu
Joined: 25 May 2010
Posts: 3325
Location: Mao-berry, PRC
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| Posted: Tue May 17, 2011 12:01 pm Post subject: |
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Taxes: none, i'm under the limit (poverty line)
Health insurance: none, they pay me an allowance equal to the local
PICC insurance, if i provide proof of expat insurance
Pension: none, when old, they set FT's adrift on an ice floe
Nothing is deducted. i get the full amount as stated in the contract. |
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Skyblue2
Joined: 04 Sep 2007
Posts: 127
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| Posted: Tue May 17, 2011 12:14 pm Post subject: |
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| Is that typical? |
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tributary
Joined: 04 Apr 2011
Posts: 28
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| Posted: Tue May 17, 2011 1:54 pm Post subject: |
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Tax process can be found online.
The threshold is 4800 RMB per month. That is tax free, you pay on amounts over that each month. |
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Miajiayou
Joined: 30 Apr 2011
Posts: 283
Location: Nanjing
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| Posted: Tue May 17, 2011 1:59 pm Post subject: |
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| Yep, it starts at 4800. Make sure to ask whether a school is listing a salary before or after tax. On something like 10,000, the tax makes a big difference. |
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Skyblue2
Joined: 04 Sep 2007
Posts: 127
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| Posted: Wed May 18, 2011 1:30 am Post subject: |
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| Miajiayou wrote: |
| Yep, it starts at 4800. Make sure to ask whether a school is listing a salary before or after tax. On something like 10,000, the tax makes a big difference. |
What is the approximate rate on earnings above 4,800 RMB?
What would a salary of say 20,000 RMB look like after taxes? |
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Miajiayou
Joined: 30 Apr 2011
Posts: 283
Location: Nanjing
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| Posted: Thu May 19, 2011 7:49 am Post subject: |
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| A 20k salary after tax would go down to about 16.5 |
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Skyblue2
Joined: 04 Sep 2007
Posts: 127
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| Posted: Thu May 19, 2011 8:13 am Post subject: |
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| Miajiayou wrote: |
| A 20k salary after tax would go down to about 16.5 |
That's about 23% of the 15,000 over the untaxed 4,800 RMB.
Is that on a sliding scale, or does that rate apply to all earnings over 4,800 RMB?
Quite a hefty deduction. |
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Miajiayou
Joined: 30 Apr 2011
Posts: 283
Location: Nanjing
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| Posted: Thu May 19, 2011 8:54 am Post subject: |
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| There is a tax rate that depends on the amount of the income over 4800, which I'm pretty sure would be 20% on 20k, then there is a flat deduction. I'm no expert though. |
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