Escaped Lunatic
Barfly
Civet Burger? Sounds tempting. Can I get fries with that?
Posts: 567
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Post by Escaped Lunatic on Jul 4, 2006 4:37:55 GMT 7
So, assuming I successfully get deported to China for 6 months or so and actually earn a couple of RMBs, how interested will Uncle Sam and Chairman Mao be in the contents of my paycheck?
I believe I heard somewhere that Chinese taxes kick in if one makes more than 4000 RB/month. Is this correct? If so, what's the damage like once the limit has been crossed?
How about Uncle Sam? At what point am I going to be nailed for taxes on income from China and how bad is it going to hurt?
"It is better to be feared than loved, if you cannot be both."
- Niccolo Machiavelli
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Crippler
Barfly
Beware the conspiracy!
Posts: 345
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Post by Crippler on Jul 4, 2006 7:27:16 GMT 7
New tax law 4800 RMB per month is exempt. USA allows 75K USD tax free if you do not reside in the USA for the entire year. It allows you a few days (maybe 2 weeks) travelling in USA.
I have declared Chinese salary for last 3 years on US tax return and have received confirmation of accuracy from the tax service. Can't remember which tax office but all expat tax returns go to same one. As well I think none of your declared income can originate from US. The rules are all there at the US Tax website.
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Post by Raoul Duke on Jul 4, 2006 23:03:55 GMT 7
Usually your school will deduct Chinese taxes from your pay, or simply "pay them for you". Of course, watch any deductions taken out with a big magnifying glass.
US tax info and can be gotten from the US Consulate. Check their web site (link, or a link to the link, is in the Links page somewhere)
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