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Thread: Tax impact of a US citizen working in China
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[quote=SALSAFONDER,379713]About your questions, i can give you anwser accordingly. 1) you do not need to pay tax for your rent and personal expenses occured in China, 2) There are some regulations about if you have to pay income tax in China or not. Remuneration derived by a resident of a contracting state in respect of an employment exerised in the other contracting state should be taxable only in the first mentioned contracting state, if: a) the recipient is present in that other contracting state for a period or periods not exceeding in the aggregate 183 days in the calendar year concerned and: b) the remuneration is paid by, on the behalf of, an employee who is not a resident of that other contracting state, and; c) the remuneration is not borne by a permament establishment or a fixed base which the employer has in that other contracting state. 3) If you pay personal income tax in China, i can give you a formular to calculate actual tax you have to pay. Where is employer is responsible for the IIT reliability Net Income – Monthly Deduction – Quick Deduction IIT = (Gross Taxable Income – Monthly Deduction) x Tax rate – Quick Deduction When calculating taxable income for IIT purposes, a monthly deduction of RMB4,800 is available to expatriates. [/quote]
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