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Tax impact of a US citizen working in China
Nov 29, 2010 19:30
#11  
GUEST5378
Quote:

Originally Posted by GUEST21149

Do I have to pay Social Security taxes on the money earned in China? If so do I have to do the matching? I was in China for a total of 90 days, working for 66. Home for 12 of those 90 days.


I've heard that foreigners except Germans and South Koreans needn't join China's social security system. So they needn't pay social security taxes. According to bilateral agreements, South Koreans can only pay for endowment insurance and Germans can pay for endowment insurance and unemployment insurance.

However, the new social security act will be implemented on July 1st in 2011. According to it, all foreigners who work in Chins must pay social security taxes. If China signs bilateral agreements with their nations, the agreements have the final say.

For reference only.
Dec 7, 2010 23:34
#12  
  • PYGRANT
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Please note that the tax year or calendar year and the 330 out of 365 days do not have to coincide. If you are out of the US from 1 Apr 2009 to 1 Apt 2010, you still qualify for the exclusion, it's just prorated for each year 9/12 of $90,000 (aprox.) for 2009 and 3/12 of $90,000 for 2010.
Mar 11, 2011 04:25
#13  
GUEST76153 Hello! I am currently a teacher working in Shenyang, China. Can anyone tell me what tax rate I am currently in? I have noticed that this month while working more hours and receiving overtime, the amount of money taken from my paycheck was a lot more. If anyone knows how much should be deducted from a paycheck of 6500 RMB, and how much should be deducted from a paycheck of 8100 RMB, it would be greatly appreciated. Thank you in advance.
Mar 11, 2011 19:53
#14  
  • BL2022
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Quote:

Originally Posted by GUEST76153 View Post

Hello! I am currently a teacher working in Shenyang, China. Can anyone tell me what tax rate I am currently in? I have noticed that this month while working more hours and receiving overtime, the amount of money taken from my paycheck was a lot more. If anyone knows how much should be deducted from a paycheck of 6500 RMB, and how much should be ded...


The rule is the more you earn, the more you pay the tax. According to the rule, you need to pay rmb550 if the income is 6,500 and rmb845 for 8,100.
Mar 8, 2013 18:49
#15  
GUEST77164 I am a US citizen, and working for a US company at a recently established rep office in China. I will be in China for at least 1 yeat and will not spend 30 days in the US during that time. From a tax standpoint, is it best for me to apply for residency in China? What is the most affordable way to handle the tax situation in both countries?
Mar 18, 2013 11:57
#16  
GUEST15149 My daughter is in Beijing for a week and will be paid $2100 for her services by a university. They told her they must take out 20% of her payment for Chinese taxes, leaving her $1700. Is this typical? Also, must she now pay US tax on top of the Chinese tax?
Mar 20, 2013 19:32
#17  
  • CREDZBA
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I also have a question, if anyone knows.
I work for a US company, am paid in USA, and have residence in USA.

I will go to China, on my own money, and work remotely for the same job for 2 years.

USA will know I am out of the country, will see my w2 earnings etc.
China will not know I have any income while I am there, and the money is technically not being earned in China.

Do I owe China tax proceeds ?

Can I claim the $90,000 US foreign deduction after 1 calendar year ?


Sep 30, 2013 23:50
#18  
GUEST80167 I work for an American company full time in California. I will be doing additional work for their Chinese sister company, in China. This will be a half dozen trips a year about 2 weeks each.
I can get the extra salary paid by my company, or get paid in RMB by the sister company. Is there any advantage of doing it one way over the other?
Aug 23, 2018 08:27
#19  
GUEST72167 If someone does consulting work of 5k for a Chinese company, are their tax's taken out of the invoice amount, as an individual?
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