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Average Salary for Expats in China.
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View Poll Results: Expats working in China, what is your monthly salary in RMB?
< RMB 5,000 2 7.41%
RMB 5,000 - 9,999 11 40.74%
RMB 10,000 - 19,999 5 18.52%
RMB 20,000 - 29,999 3 11.11%
RMB 30,000 - 39,999 0 0%
RMB 40,000 - 49,999 1 3.70%
>= RMB 50,000 5 18.52%
Voters: 27. You may not vote on this poll



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imron -



Quote:

So can somebody teach me how to turn this post into a poll?

Ask an administrator nicely An anonymous poll has now been added. Let me know if you'd like any
other options.



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roddy -

I think you can also do it via the 'add a poll' option under the thread tools drop down. Not sure
though. It won't be there now though as the poll has been added.










ABCinChina -

Thanks guys!










cdn_in_bj -



Quote:

50K+ RMB per month is quite a lot of money to be made in China!! I wonder how much experience is
needed for a job like that and what someone could do with all that money??

Get into a management position in a multinational company, especially in sales. But being in sales
here does take a severe toll on ones health, not to mention moral values...

What do they do with "all that money"? They spend it on apartments, cars, 2nd wives, ie - pretty
much the same as what wealthy people do in the west.



Quote:

Personally, I am still in training for PCBs which are quite technical especially when I must learn
everything in Chinese. So I guess I should be satisfied with the 10K per month for now.

If you're not in a 1st-tier city you should be living very comfortably then. In any case, you are
considered a "high-income earner" by the government.










anonymoose -

Even if you have a high salary, it doesn't mean you always have to find something to 'do' with it.

I save probably about 80-90% of what I earn here, so that if/when I return to the UK, I can afford
to buy a house.










gougou -



Quote:

I save probably about 80-90% of what I earn here, so that if/when I return to the UK, I can afford
to buy a house

Is it possible to exchange that much now? I seem to remember that a while back, the maximum was
80%, and most people weren't even allowed that, but not sure whether that rule still exists. How
were you planning to repatriate your money?










venture160 -

Working here in Beijing some of my colleagues have told me that in the IT Industry (which I work
in) local Chinese in management positions at large foreign companies make 100K RMB a month. Of
course those are VP level positions, but there are allot of VP's in big companies.










ABCinChina -

Does anybody know of the true incremental tax rate for working in China? I searched Google here
and found that I should be taxed 20% of what I make. However, I get taxed only 6% of what I make.
I work for a Taiwan company.










cdn_in_bj -



Quote:

Does anybody know of the true incremental tax rate for working in China? I searched Google here
and found that I should be taxed 20% of what I make. However, I get taxed only 6% of what I make.
I work for a Taiwan company.

China uses a progressive tax scale for tax on salary income, so the 20% only applies to income
between 5000 and 20000 - income below 5000 is taxed at a lower rate, so your average tax rate will
be lower than 20%. Note that some forms of income are taxed differently and the following only
applies to salary income.

In addition, foreigners are exempt from paying tax on the first 4800 RMB of their monthly income.
After deducting the 4800 from your income, you are taxed on the remainder according to the
following scale:

_Monthly taxable income__Tax rate__Quick Deduction_
______0 <= i < 500________5%__________0________
____500 <= i < 2000______10%_________25________
___2000 <= i < 5000______15%________125________
___5000 <= i < 20000_____20%________375________
__20000 <= i < 40000_____25%_______1375________
__40000 <= i < 60000_____30%_______3375________
__60000 <= i < 80000_____35%_______6375________
__80000 <= i < 100000____40%______10375________
_100000 <= i____________45%______15375________

So, to calculate your tax paid, you do the following:

1) Take your monthly income - 4800, call that 'i'
2) See where 'i' falls in the table above ---> tax payable = i x (tax rate) - (quick deduction)

The "quick deduction" is a shortcut to adjust for the lower tax rates in the lower brackets (it
saves you from having to manually calculate the tax for the lower brackets).

For example, if your monthly income is 9500, then your tax would be calculated as follows:

1) i = 9500 - 4800 = 4700
2) From the table above, 4700 falls into the 15% tax bracket (15% is your incremental tax rate):

tax payable = (9500 - 4800) x 15% - 125 = 580

And your average tax rate would be 580/9500 = 6.1%










ABCinChina -

Cdn, thanks! That method is very precise.












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