The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.
Posts: 10

Minor Official

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: What's the salary range for an expat executive in Shanghai?

I've been offered along the lines of 100,000 USD, health insurance, 20,000 RMB for housing (no clue what that can get me). Wondering if that's on the low side.

2 years 22 weeks ago in  Business & Jobs - Shanghai

 
Answers (4)
Comments (3)
Posts: 2418

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

That would depend on your industry.  That much would certainly get you a very nice apartment and would give you a good life in Shanghai.

 

Is it low?  That is hard to say without more info.  Also, what kind of bonus plan are they offering?  Typically there is some sort of profit sharing, etc...

 

Then there is the tax issue.  For Americans, you will need to pay both Chinese tax (on all of it) and American federal tax on any amount over US$86k (I think that is the current amount).  The US will also charge you tax on housing allowances over a certain amount since this is a popular way to bypass the earnings cap.  Then there is your state tax.  Depending on your state, they will want some too.  For example, California will tax you at the normal rate no matter where in the world you make your money.  (This is the reason I changed my residency to Nevada since they don't charge income tax.)

 

You will want to get ahold of a tax professional to see just how hard you will get a tax hit.  Because in China, there are (for foreigners) almost no legal deductions and at your rate almost a 40% tax rate.

 

When I came to China, I had put in my contract that all amounts were "after taxes", not before.

Report Abuse
2 years 22 weeks ago
 
Posts: 846

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

also u are subject to taxes in your home country

Report Abuse
2 years 22 weeks ago
 
Posts: 1203

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

20000?????......................cause after taxes i do get paid 20000.....that is what i get as a IPM in a well-known company in china.......................i answer according to my experience

P.S: IPM means International Project Manager

Report Abuse
2 years 22 weeks ago
 
Posts: 518

General

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

100000usd is not bad.... we dont need to spend much money in china... so u will save most of it...

 

20000rmb for apartment is not good enough.... a good apratment in shanghai at expat friendly location would cost >30000pm.

Report Abuse
2 years 21 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A: People always ask me when I will leave China. I have fallen into a lov
A:People always ask me when I will leave China. I have fallen into a love/hate relationship with China. I love the fact that it is ever changing and I am curious to be part of that change. Yet, i hate so many of the things that conflict with my western mentality. So, I aswer to the question of when I plan to leave is not available right now. I have been here two years. I have yet to grow as negative as many of my other foreigner compatriots. If I get to that point I will leave. There is very little in America that is calling me home. I lived there for 45 years of my life. Been there and done that. But, in this experience in China, I have learned that the world is a big place to explore. And, as an ESL teacher, so much of it is available to me. But, for the time being, I will stay here and experience the China that has made its way into my life. When I do leave, it will be bittersweet. I love Asia. I want to see it before moving onto other parts of the world. Eventually, I hope to live my retiring days working as a teacher in South America and having some great adventures like I have ad here in China. -- nashboroguy