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I make about the same as a very good offer in EU would get me, but my costs are much less and taxes are about 5%. I guessing I save 2-4x as much. This is in Chi
by user_named 3y ago
I make about the same as a very good offer in EU would get me, but my costs are much less and taxes are about 5%. I guessing I save 2-4x as much. This is in China.
- rfoo 3y agoHow do you get ~5% effective tax rates? With EU-level salary you should be hitting 30% in their progressive income tax system. China has hidden sales tax (in the form of VAT), too. IIRC As long as you work in tech (OK, there's some more subtle rules but let's assume parent gets it), Shenzhen caps your income tax at 15%. Still nowhere near 5%.
- user_named 3y agoShanghai has a foreign employee tax system, which works out to about 5% income tax. This system is only available to choose at some companies and provinces. At a previous company I did indeed pay something like 25-30%.