No fuss over new personal tax rules

0 Comment(s)Print E-mail China Daily, July 29, 2011
Adjust font size:

For some foreigners working in China, the country's newly amended income tax law will bring some initial joy that may turn to disappointment.

While the monthly personal income tax threshold for foreign employees has been raised at the same rate as that for their Chinese counterparts, limits to the deductions they will be allowed will result in their being taxed at the same rate as they were before the changes, or even more in the case of high-income earners.

The monthly tax threshold for foreigners has been raised by 1,500 yuan ($230) to 3,500 yuan, the same as for Chinese taxpayers. However, the deductions for expenses, a special subsidy for foreigners, have been reduced by the same amount, 1,500 yuan, to 1,300.

A simple calculation shows that the tax threshold remains the same, at 4,800 yuan.

Tax agency Beijing Jingdu CPAs did further calculations and found the thresholds for when people will have to pay more tax after the amendment.

If you are a foreigner and earn more than 41,400 yuan a month, prepare to be taxed more heavily.

The agency found that under the new rules, which were issued by the State Council on Wednesday and will take effect on Sept 1, if a foreigner earns 62,000 yuan a month, he or she will be taxed an extra 205 yuan a month.

But most foreigners do not seem to care about how much tax they pay in China.

John Mellors, from the United Kingdom, said he has not tried to determine what impact the policy change will have on his income.

"I and my friends don't actually know how much tax we paid in the past, because it is directly deducted by our offices," said Mellors, who has been working for an insurance company in Shanghai for eight years. "The change is small, so we don't care about it so much."

Zhang Shuguang, an economist with the Unirule Institute of Economics, described the changes as more symbolic than practical.

"It can neither help adjust unbalanced income distribution, nor release purchasing power. It just helps the people to vent their anger," he said.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 欧美18性精品| 免费黄色欧美视频| 亚州一级毛片在线| 888米奇在线视频四色| 日韩精品国产丝袜| 免费在线观看a级毛片| 韩国福利影视一区二区三区| 快拨出来老师要怀孕了| 亚洲一线产区二线产区精华| 精品无码国产污污污免费网站 | 六月丁香婷婷天天在线| 亚洲色图五月天| 女人张开腿让男人桶视频免费大全 | 国产无遮挡又黄又爽免费网站| www.中文字幕.com| 日本边添边摸边做边爱喷水| 亚洲精品456在线播放| 老司机久久影院| 国产激情无码一区二区三区| caoporn国产精品免费| 日本免费无遮挡吸乳视频电影| 亚洲欧美日韩国产精品专区 | 天天欲色成人综合网站| 久久久www成人免费精品| 欧美日韩1区2区| 四虎影院国产精品| 欧美jizz18性欧美| 夜天干天干啦天干天天爽| 久久av老司机精品网站导航| 欧美交换乱理伦片在线观看| 免费看黄a级毛片| 青娱乐在线免费观看视频| 国产精品情侣呻吟对白视频 | 初尝人妻少妇中文字幕| 美国式的禁忌80版| 国产成人av一区二区三区在线观看| 99久久er热在这里只有精品99| 成人动漫在线视频| 久久天天躁狠狠躁夜夜2020一| 欧美日韩电影网| 免费鲁丝片一级在线观看|