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Peasant

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Q: Social Insurance System nonsense begins! Who has been hit already?

So much for the year-long implementation process...

My friend in Beijing was informed last friday (October 28th) that she would have to start paying in to the social insurance system this October. It was the same employee 10%, employer 30% ratio that had been talked about earlier.

http://www.echinacities.com/expat-corner/a-foreigner-s-guide-to-the-new-mandatory-social-insurance.html

Any one else been notified of this (impending doom) yet?

7 years 50 weeks ago in  Business & Jobs - China

 
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Posts: 2418

Emperor

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Most expats I know have an "after taxes" clause in their contract.  So for them it just means they got a pay raise to ofset the tax.  Of course, on the down side (and the true purpose some would say) it makes the high salaries of expats even higher and therfore will reduce the number of desired foreign experts in this country.

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7 years 50 weeks ago
 
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Emperor

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I didn't get hit. 

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7 years 50 weeks ago
 
Posts: 280

Governor

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Our school told us about it a few weeks ago. Apparently the first 4,000 is tax free and then the tax is going to apply to the remaining salary. (i.e. if you make 16,000/mo, 12,000 will be taxed)

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7 years 50 weeks ago

Before you judge someone walk a mile in their shoes, that way you're a mile away and you have their shoes!

 
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I'm paid cash. I sign something, but have never seen income tax taken out.

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7 years 50 weeks ago
 
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