China individual income tax planning
Jan 4th 2009, 7:28 pm
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China individual income tax planning
Yes. However your main question is that if you are in a position so high-level that a company is willing to pay you US$20k a month, will the work permit authorities believe US$3.5k is all you are getting? Beef the US$3.5k up in your contact by adding housing allowances and stuff. A housing allowance is tax deductable if it's in your contract, as are medical expenses, and flights home. Do get a car and driver if you can. A car on its own is useless. You want a nice new Buick GL8 (known as a "gee ell baa") and a driver. You don't want to drive in China. If you have to get taxis and you already speak Chinese, don't forget to run all your words together and add "er" to all nouns.
1) Except housing , medical , flight home allowance and car/driver, anything else could be tax deductible at China ?
2) Is there any potential that we could set up an offshore company , then use this offshore to get pay from any employer rather than get pay directly , so at last use this offshore to offer a reasonable salary contract for our China work visa application ?
