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Teaching in Shanghai - tax rates

Discussion in 'Teaching overseas' started by blobcarp, Feb 12, 2018.

  1. blobcarp

    blobcarp New commenter

    Hi,

    Recently been offered a job in Shanghai at 33,000 RMB per month (pre-tax). Wondered if anyone knew the exchange rate, as I've heard its low (one of the reasons I have been looking at China for jobs) but also heard it is 25% for that salary range.

    Any help would be greatly appreciated.
    TIA
     
  2. Fer888

    Fer888 Occasional commenter

    Last edited: Feb 13, 2018
  3. february31st

    february31st Established commenter

    Tax is 25% so;
    33000-4800(tax free allowance)
    (28200/100)x75=21150
    21150+4800=25960rmb

    At todays ex rate=2960GBP
     
  4. aideng

    aideng New commenter

    26955 after tax, as Shanghai does not charge social insurance payments.

    https://www.sjgrand.cn/individual-income-tax-calculator

    I checked that this calculates my salary correctly.

    Exchange rate yesterday was 8.77 RMB to 1 GBP = 3073.54 GBP per month (not including exchange and remittance fees, of course)
     

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