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Tax Deduction China

Tax Deduction China -

The taxable income amount for income from wages and salaries of a non resident individual shall be the balance after the deduction of the standard deduction RMB 5 000 per

A big part of the new China individual income tax law is about deductions These include the special deduction and other deductions that already exist as

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The general formula is Tax payable Income Tax Allowance x tax percentage quick deduction If your income is less than 5 000RMB per month then you pay no tax If your income is more than

According to the draft decision the basic standard for deducting expenses is to be set at 60 000 yuan per year or 5 000 yuan per month with the new tax rate range from 3 to

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Home SPECIALS Calculation method of personal income tax for foreigners Updated 2019 07 30Source STA General Office

The China Tax Calculator below is for the 2024 tax year the calculator allows you to calculate income tax and payroll taxes and deductions in China This includes

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