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  Date 28-June-2005  Print current page  Show map

FAQ - What is the income tax rate in Shanghai?

Alex C-G

Income Tax rate as of 2007

Employee Income Tax
Total monthly income Level Taxable income Tax calculation formula Sample taxable income Sample tax payable
1~ 1600 0 0   0 0
1601 ~2100 1 less than 500 taxable income X5% 400
2101 ~ 3600 2 501~2000 taxable income X 10% -25 1200
3601 ~ 6600 3 2001~5000 taxable income X 15% -125 3000
6601 ~ 21600 4 5001~20000 taxable income X 20% -375 10000
21601 ~ 41600 5 20001~ 40000 taxable income X 25% -1375 25000
41601 ~ 61600 6 40001 ~ 60000 taxable income X 30% -3375 58000
61601 ~ 81600 7 60001 ~ 80000 taxable income X 35% - 6375 72000
81601 ~ 101600 8 80001 ~ 100000 taxable income X 40% -10375 87000
more than 101601 9 more than 100000 taxable income X 45% -15375 158000

*Monthly taxable income for local staff is any amount above RMB1600.
**Monthly taxable income for expat staff is any amount above RMB4800.
***Total monthly income includes base salary plus commission and bonus.
****Expense reimbursement and employee social insurance are not taxable.

 

Contractor Income Tax
Total monthly income Level Taxable income Tax calculation formula Sample taxable income Sample tax payable
1 ~ 20000 0 1 ~ 20000 3500
20001 ~ 50000 1 20001 ~ 50000 taxable income X 30% - 2000 45000
more than 50001 2 more than 50001 taxable income X 40% -7000 85000

*Contractors are non-employees who only work with company on project basis for short term

 
Docs Index - Working in Shanghai - FAQ - What is the income tax rate in Shanghai?

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